Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. fill in the blanks huron company produces a com

fill in the blanks Huron Company produces a commercial cleaning compound known...

70.2K

Verified Solution

Question

Accounting

fill in the blanks
image
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: During the most recent month, the following activity was recorded: a. 12,100.00 pounds of material were purchased at a cost of $2.50 por pound. b. All of the material purchased was used to produce 1,500 units of Zoom. c. 575 hours of direct labor time were recorded at a total labor cost of $5,750. Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month. Note: For all requirements, Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (li.e., zero variance). Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollar

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

Finance
1.2K views

Which do you​ prefer: a bank account that pays 5.1 % per year​ (EAR) for three...

Physics
1.2K views

Two friends, Al and Jo, have a combined mass of 166 kg. At the ice skating...

Accounting
1.2K views

Time-Driven activity-based costing, activity-based management Midwest Office Products 7 John Malone, general manager of Midwest Office Products (MOP),...

Biology
1.2K views

Why does the moon change phases? Also, why do you think a solar eclipse is...

Physics
1.2K views

A circular road of radius 1000 m has banking angle 45 The maximum safe speed...

Physics
1.2K views

The path of a projectile is defined by the equation r 3t t 30 and...

Geometry
1.2K views

The axis of the sphere below is 12 units in length What is the surface...

Geometry
1.2K views

13 Given mAB 114 and mDC 38 Find m 1 point A B D C

Basic Math
1.2K views

Which of the below descriptions shows a possible Euler Path a ABCED Ob ABCAECDBED c...

Algebra
1.2K views

6 What is the scale factor if a 12 in by 8 in photograph is...

Accounting
1.2K views

QUESTION 9 10 points Save Answer Saphire Unlimited Company reported net income of...

Accounting
1.2K views

Answer all questions please!!