Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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: $110,792 | |
Material price variance: $10,072 unfavorable | |
Total materials variance: $24,872 unfavorable | |
Standard cost per pound of material: $4 | |
Standard cost per direct labor-hour: $7 | |
Actual direct labor-hours: 10,340 hours | |
Labor efficiency variance: $2,800 favorable | |
Standard number of direct labor-hours per unit of Roff: 3 hours | |
Total labor variance: $2,370 unfavorable |
The total number of units of Roff produced during August was: |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started