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The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In addition, the variances for one month's production
The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In addition, the variances for one month's production are given. Assume that all inventory accounts have zero balances at the beginning of the month.
Standard Cost Per Unit Standard Monthly Costs
Materials $ $
Direct Labor hours @ $
Factory Overhead:
Variable
Fixed
$ $
Variances:
Material price $ unfavorable
Material quantity $ unfavorable
Labor rate $ favorable
Labor efficiency $ unfavorable
What were the actual direct laborhours worked during the month?
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