Actual Material 12,000 pounds purchased at $2.50 per pound; used 10,500 pounds Direct Labor 1,800...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Actual Material 12,000 pounds purchased at $2.50 per pound; used 10,500 pounds Direct Labor 1,800 hours at $12 per hour Units produced 500 Standard Material 20 pounds per unit at a price of $2.20 per pound Direct Labor 4 hours per unit at a wage rate of $10 per hour
a. Determine the material price variance based on the quantity of materials purchased. b. Determine the material quantity variance. c. Determine the direct labor rate variance. d. Determine the direct labor efficiency variance.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.