Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ayayai, inc. manufactures one product called tybos

Ayayai, Inc. manufactures one product called tybos. The company uses a standard cost system and...

50.1K

Verified Solution

Question

Accounting

image

Ayayai, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the starto monthly production, Ayayai estimated 9,510 tybos would be produced in March. Ayayai has established the following material and labor standards to produce one tybo: Standard Quantity Standard Price Direct materials 2.5 pounds $3 per pound Direct labor 0.6 hours $10 per hour During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. 2. The company produced 9,010 units during the month. A total of 24,100 pounds of materials were purchased at a cost of $66,275. A total of 24,100 pounds of materials were used in production. 5,100 hours of labor were incurred during the month at a total wage cost of $56,100. 3. 4. Calculate the following variances for March for Ayayai, Inc. Identify whether each variance is favorable or unfavorable. ) (a) Materials Price Variance $ 1 Favorable (b) Materials Quantity Variance $ Unfavorable (c) Labor Price Variance $ Unfavorable (d) Labor Quantity Variance $ $ Favorable

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Are America's top chief executive officers (CEOs) really worth all that money? One way to answer...

Basic Math
Q

A psychology researcher who does work in creativity wants to determine whether her sample of 50-year-old...

Statistics
Q

ESSAY TYPE QUESTION:    Define Newton’s three laws of motion, and explain what they represent collectively. Also provide...

Physics
Q

An equilateral triangle is inscribed in a circle Use your knowledge of equilateral triangles to...

Geometry
Q

At a certain factory, it is determined that an output of Q units is to...

Basic Math
Q

Find the equation of the line segment between Po 3 1 4 and P 0...

Calculus
Q

A coordinate plane is formed by two intersecting number lines. The horizontal line is called...

Algebra
Q

On June 1, Forrest Inc, issues 3,000 shares of no-par common stock at a cash...

Accounting
Q

Use the information provided below to answer the following questions: 2.1 Comment on the financial...

Accounting
Q

Which of the following statement(s) is(are) true? a. On average, an announcement of an increase...

Accounting
Q

A city contributes $500,000 to a corporation as an inducement to locate in the city....

Accounting
Q

Stahl Inc. produces three separate products from a common process costing $100,100. Each of the...

Accounting