Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following data for the Pan Garden Supplies Company pertains to the production of 2,000 garden spades during March. The spade consists of a wooden

image text in transcribed The following data for the Pan Garden Supplies Company pertains to the production of 2,000 garden spades during March. The spade consists of a wooden handle and a metal forged tool that comes in contact with the ground. Direct Materials (all materials purchased were used): Standard cost: $1.00 per handle and $3.00 per metal tool. Total actual cost: $9,000. Direct Materials efficiency variance was $500 unfavorable. Direct Manufacturing Labor: Standard cost is 5 garden spades per hour at $20.00 per hour. Actual cost per hour was $21.00. Direct Labor efficiency variance was $500 favorable. What is the total direct materials flexible-budget variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Introductory Financial Accounting For Business

Authors: Thomas P. Edmonds, Christopher Edmonds

2nd Edition

1260575306, 9781260575309

More Books

Students also viewed these Accounting questions

Question

describe several successful positive work interventions.

Answered: 1 week ago

Question

Does it avoid typos and grammatical errors?

Answered: 1 week ago