Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
The following data is given for Apple: 2,200 units $4.00 25 Actual production Materials: Standard price per pound Standard pounds per completed unit Actual pounds
The following data is given for Apple: 2,200 units $4.00 25 Actual production Materials: Standard price per pound Standard pounds per completed unit Actual pounds purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs 56,400 $230,112 $19 per hour 10 21.500 $411.940 Compute the direct materials price and quantity variances for Apple. Make sure to indicate if the variances are favorable or unfavorable. If applicable, round your answers to two decimal places
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started