The FeelGood Company manufactures vitamins. Feel-Good has prepared the following budget for producing one bottle of Vitamin
Question:
Materials .... 52,500 mg. @ $0.0001 per mg.
Labor ...... 6 minutes @ $12.00 per hour
For the most recent month, FeelGood produced 2,500 bottles of Vitamin C and reported the following variance data:
Materials price variance ..... $ 3,000 F
Materials quantity variance ... $ 1,875 U
Labor price variance ..... $ 188 F
Labor quantity variance .... $ 180 U
Required:
a. What was the actual quantity of materials (in mg) used during the most recent month?
b. What was the actual price paid for materials (per mg) during the most recent month?
c. What was the actual quantity of labor (in hours) used during the most recent month?
d. What was the actual price paid (per hour) for labor during the most recent month?
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Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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