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The Geurtz Company uses standard costing. The company makes and sells a single product called a Roff. The following data are for the month of
The Geurtz Company uses standard costing. The company makes and sells a single product called a Roff. The following data are for the month of August: Actual cost of direct material purchased and used: $48,675 Material price variance: $4,425 unfavorable Total materials variance: $15,825 unfavorable Standard cost per pound of material: $3 Standard cost per direct labor-hour: $5 Actual direct labor-hours: 10,550 hours Labor efficiency variance: $2,000 favorable Standard number of direct labor-hours per unit of Roff: 3 hours Total labor variance: $7,495 unfavorable The total number of units of Roff produced during August was: 3,650 3,350 3,500 3,800
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