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The following summarized manufacturing data relate to Brown Corp's May Operations, during which 2,000 finished units of product were produced. Normal capacity is 1,100 direct
The following summarized manufacturing data relate to Brown Corp's May Operations, during which 2,000 finished units of product were produced. Normal capacity is 1,100 direct labor hours. Determine the following variances:
U MIYUUSIHESSesurse.com/platform/mod/quiz/attempt.pl E Business Course Return to course Question 1 Incomplete answer Marked out of 21.00 P Flag question Material, Labor, and Variable Overhead Variances The following summarized manufactur Standard Units Costs Total Actual Costs Direct material Standard (3 lb. @ $7.00/lb.) Actual (6,400 lb. @ $7.20/lb.) $46,080 Direct labor Standard (0.5 hr. @ $19/hr.) $9.50 Actual (950 hrs. @ $18.70/hr) 17,765 Variable overhead Standard (0.5 hr. @ 59/hr.) $4.50 Actual 9.300 Total $35 $73,145 Determine the following variances: Do not use negative signs with any of your answers, Next to each variance answer, select either" Materials Variances Actual cost $ 46,080 Split cost $ 44,800 Standard cost: 5 42,000 Materials price. S Materials efficiency Labor Variances Actual cost Split.costs Standard cost Labor rate Labor efficiency S Variable Overhead Variances cast: Split cost
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