Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. abc manufactures a product with the following: d

ABC manufactures a product with the following: Direct materials standard 5 units at...

90.2K

Verified Solution

Question

Accounting

ABC manufactures a product with the following:

Direct materials standard 5 units at $4 per unit

Direct manufacturing labor standard 15 hours at $20 per hour

During the second quarter, the company made 3,000 products and used 22,000 units of raw material costing $90,200. Direct labor totaled 70,000 hours for $1,365,000.

Required:

a. Compute the direct materials price and efficiency variances for the quarter.

b. Compute the direct manufacturing labor price and efficiency variances for the quarter.

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

Statistics
1.2K views

A marketing research professor is conducting a telephone survey and needs to contact at least 160...

Medical Sciences
1.2K views

When fusion of the left and right mandibular prominences is incomplete, ____________ may result. cleft philtrum cleft palate cleft...

Physics
1.2K views

7 A ring of mass 2n kg and of radius 0 25 m is making...

Geometry
1.2K views

Graph the system of inequalities y x 9 y x 3 Use the graphing tool...

Basic Math
1.2K views

Solve the differential equation y 4y 3y e 3x x 1

Basic Math
1.2K views

You have 3,000 square feet of selling space. You want to reserve at least 80...

Basic Math
1.2K views

Evaluate the sum.10?(j + 4).j=110?(j + 4) = _______j=1

Statistics
1.2K views

Use the accompanying radiation levels in Find the percentile P25 P25 for 50 different cell...

Accounting
1.2K views

Exercise 15-3 (Algorithmic) (L.0. 5, 6) Holbrook, a calendar year 5 corporation, distributes $154,600 cash...

Finance
1.2K views

Question 13 5 pts Bill paid $10,000 (at CFO) for an investment that promises to...

Accounting
1.2K views

In July of 2022, Bethany (65) began receiving monthly retirement benefits from a qualified retirement...

Accounting
1.2K views

(TCO 7) The assumption that cash flows are reinvested at the rate earned by the...