Question
XYZ Manufacturing budgeted to produce 10,000 units of a product. The standard cost per unit is $80, consisting of $40 for direct materials, $20 for
XYZ Manufacturing budgeted to produce 10,000 units of a product. The standard cost per unit is $80, consisting of $40 for direct materials, $20 for direct labor, and $20 for overhead. During the month, 11,000 units were produced. Actual costs were $850,000 for direct materials, $440,000 for direct labor, and $400,000 for overhead. Calculate the direct materials, direct labor, and overhead variances.
XYZ Manufacturing budgeted to produce 10,000 units of a product. The standard cost per unit is $80, consisting of $40 for direct materials, $20 for direct labor, and $20 for overhead. During the month, 11,000 units were produced. Actual costs were $850,000 for direct materials, $440,000 for direct labor, and $400,000 for overhead. Calculate the direct materials, direct labor, and overhead variances.
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Principles Of Managerial Finance
Authors: Chad Zutter, Scott Smart
16th Global Edition
1292400641, 978-1292400648
