Question
The following information pertains to the assembly department of MacPage Manufacturing for February: Units produced 5,500 Materials purchased $26,400 ($2.20 per lb.) Materials used 13,000
The following information pertains to the assembly department of MacPage Manufacturing for February: Units produced 5,500 Materials purchased $26,400 ($2.20 per lb.) Materials used 13,000 lbs. Labor costs incurred $27,562.50 Labor hrs. worked 2,450 Standard price/lb for materials $2.10/lb. Standard labor time/finished unit 30 mins. Standard labor rate $10.80/hr. Materials quantity variance $1,575 Favorable
A.) How many lbs. of material were purchased during the month?
B.) What's the materials price variance?
C.) What's the standard usage of material per finished unit (that's, how much material should each unit take)?
D.) What's the actual labor rate for the month?
E.) What's the labor rate variance?
F.) What's the Standard Hours (SH) for the labor variance calculations?
G.) What's the total labor variance?
Thanks! :)
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