Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. directmaterials(16pounds&$3perpound)directlabo

Directmaterials(16pounds&$3perpound)Directlabor(3hours&$14perhour)$4842 During June the company incurred the following actual costs to produce 8,700 units. Directmaterials(141,600pounds$2.80perpound)Directlabor(29,400hours&$14.20perhour)$396,480417,480...

90.2K

Verified Solution

Question

Accounting

imageimage

Directmaterials(16pounds&$3perpound)Directlabor(3hours&$14perhour)$4842 During June the company incurred the following actual costs to produce 8,700 units. Directmaterials(141,600pounds$2.80perpound)Directlabor(29,400hours&$14.20perhour)$396,480417,480 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. Complete this question by entering your answers in the tabs below. (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable or 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