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...

80.2K

Verified Solution

Question

Accounting

Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (15 pounds @ $5 per pound) $ 75 Direct labor (3 hours @ $16 per hour) 48 During June the company incurred the following actual costs to produce 8,900 units. Direct materials (136,500 pounds @ $4.80 per pound) $ 655,200 Direct labor (30,800 hours @ $16.15 per hour) 497,420 AR = Actual Rate SR = Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance.

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

Question 12 Mo Choice Worth points Two Way Frequency Tables MC A sample of 245...

Statistics
Q

Consider a system of five particles inside a container where the energy levels are evenly spaced....

Physics
Q

A device consists of 8 balls with mass .6kg attached to the ends of low mass...

Physics
Q

4. Explain and show formulaically that rotating magnetic field occurs when applying ia=Iscoswst and ib=Isinwst with phase...

Electrical Engineering
Q

Actin assembly in vitroO a. Requires addition of actin oligomers termed nucleiO b. Requires ATP...

Biology
Q

A rectangular sheet of metal ABCD with side lengths AB = a, BC = a/2...

Physics
Q

Find the value of x in the figure below to 3x 10

Geometry
Q

Given rectangular prism A is similar to rectangular prism B and the volume of A...

Basic Math
Q

Consider the polynomial below a List all potential rational roots using the Rational Root Theorem...

Algebra
Q

The Hawthorne studies engineers found that brighter light levels in the factory ________ productivity. ...

Accounting
Q

Problem 11-17 (Algo) Return on Investment (ROI) and Residual Income [LO11-1, LO11-2] Financial data for...

Accounting
Q

Presented below is information related to Riverbed Inc. Assuming that Riverbed Inc. uses the conventional...

Accounting