Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following data for the Prender Company pertain to the production of 800 urns during August. Direct Materials (all materials purchased were used): Standard cost:

The following data for the Prender Company pertain to the production of 800 urns during August.

Direct Materials (all materials purchased were used):

Standard cost: $4.80 per pound of urn.

Total actual cost: $4,480.

Standard cost allowed for units produced was $4,800

Materials efficiency variance was $96 unfavorable.

Direct Manufacturing Labor:

Standard cost is 2 urns per hour at $19.20 per hour.

Actual cost per hour was $19.60.

Labor efficiency variance was $288 favorable.

Required:

a. What is standard direct material amount per urn?

b. What is the direct material price variance?

c. What is the total actual cost of direct manufacturing labor?

d. What is the labor price variance for direct manufacturing labor?

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

Step: 3

blur-text-image

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

Audit Regulations Audit Market Structure And Financial Reporting Quality Foundations And Trends R In Accounting

Authors: Christopher Bleibtreu, Ulrike Stefani

1st Edition

1680839004, 978-1680839005

More Books

Students also viewed these Accounting questions

Question

What is the problem asking me?

Answered: 1 week ago