Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Workmaster Enterprises uses a standard cost system in which direct materials inventory is carried at standard cost. Workmaster has established the following standards for

Workmaster Enterprises uses a standard cost system in which direct materials inventory is carried at standard cost. Workmaster has established the following standards for the prime costs of one unit of product. Direct Materials Direct Labor Total Standard Quantity 15 pounds 0.30 hours Standard Price Standard Price $3.20 per pound $14.00 per hour $48.00 $4.20 $52.20 During June, Workmaster bought 240,000 pounds of direct materials at a total cost of $523,000. The total factory wages for June were $95,000, 80% of which were for direct labor. Workmaster manufactured 30,000 units of product during June using 225,000 pounds of direct materials and 9,500 direct labor hours. What is the direct labor efficiency variance for June?

Step by Step Solution

3.58 Rating (158 Votes )

There are 3 Steps involved in it

Step: 1

Direct labor efficiency variance for June Given the information provided St... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Cost Accounting

Authors: William Lanen, Shannon Anderson, Michael Maher

3rd Edition

9780078025525, 9780077517359, 77517350, 978-0077398194

More Books

Students also viewed these Accounting questions

Question

Will the company help with relocation expenses?

Answered: 1 week ago