Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. camila company has set the following standard cost

Camila Company has set the following standard cost per unit for direct materials and direct...

90.2K

Verified Solution

Question

Accounting

image
image
image
Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (16 pounds e $4 per pound) $64 Direct labor (2 hours e $15 per hour) 30 During June the company incurred the following actual costs to produce 8.100 units. Direct materials ( 131,700 pounds e $3.75 per pound) $493,875299,970 Direct labor (19,800 hours $15.15 per hour) 299,970 AR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each vahance by selecting favorable, unfavorable, or no varia Recuina : Required 2 > Compute the direct labor rate variance and the direct labor efficiency variance, (Indicate the effect of each variance by selecting favorable, variance. Round "Rate per hour" answers to 2 decimal places.)

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