Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 62 lace up remaining time: 1 hour, 14 minutes, 25

62 lace up Remaining Time: 1 hour, 14 minutes, 25 seconds. Less than half...

90.2K

Verified Solution

Question

Accounting

62 lace up

image
Remaining Time: 1 hour, 14 minutes, 25 seconds. Less than half of the time rema QUESTION COMPLETION STATUS: Moving to another question will save this response. Question 62 1 points SAVE ANS Lace Up Limited produces high-quality leather boots. The company has a standard cost system and has set the following standards for materials and labour: Leather strips (12 pieces @ $20) Direct labour (10 hours @ $12) $240 Total prime cost $120 $360 During the year, Lace Up produced 125 pairs of boots. Actual leather purchased was 1,700 strips, at $16 per strip. There were no beginning or ending inventories of leather. Actual direct labour was 1,500 hours at $15 per hour. Compute the total budget variances for materials and labour, respectively. O a. $2,800 F and $7,500 U O b. $2,800 F and $7,500 F O c. $2,800 U and $7,500 F O d. $2,800 U and $7,500 U Moving to another question will save this response. ADAX ENG 3:25 17/06/ Type here to search O O

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students