Question
The standard cost card for a unit of Product AX at the Cleaner Corp. shows the following standard cost information: Materials: 2 gallons at $20
The standard cost card for a unit of Product AX at the Cleaner Corp. shows the following standard cost information: Materials: 2 gallons at $20 per Labor: 4 hours at $10 per hour 40 Overhead: 40% of direct labor 16 Total96 During the month of October 20X1, Job 0-3 was completed. It was the only job worked on during OctoberFour thousa hundred units were produced from the job. The actual costs were as shown below Materials: 8,400 gallons at $19.90 per gallon Labor: 16,300 hours at $9.80 per hour Actual overhead Total $167,160 159,740 63,896 $ 390,796 Required: Calculate the total variance between the actual cost and the standard cost for the month. (Indicate the effect of the varia selecting "Favorable""Unfavorable", and "None" for no effect (i.e., zero variance).)
The standard cost card for a unit of Product AX at the Cleaner Corp. shows the following standard cost information: During the month of October 201, Job O-3 was completed. It was the only job worked on during October. Four thousand one hundred units were produced from the job. The actual costs were as shown below: Required: Calculate the total variance between the actual cost and the standard cost for the month. (Indicate the effect of the variance by selecting "Favorable", "Unfavorable", and "None" for no effect (i.e., zero variance).)Step by Step Solution
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