Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. huron company produces a commercial cleaning compo

Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct...

90.2K

Verified Solution

Question

Accounting

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:
Standard Quantity or Hours Standard Price or Rate Standard Cost
Direct materials 6.90 pounds $ 2.60 per pound $ 17.94
Direct labor 0.30 hours $ 7.00 per hour $ 2.10
During the most recent month, the following activity was recorded:
19,250.00 pounds of material were purchased at a cost of $2.40 per pound.
All of the material purchased was used to produce 2,500 units of Zoom.
450 hours of direct labor time were recorded at a total labor cost of $4,500.
Required:
Compute the materials price and quantity variances for the month.
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 (i.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

Medical Sciences
1.2K views

Our color-sensing cones respond primarily to three wavelengths of light. in alphabetical order, those wavelengths are...

Biology
1.2K views

During development what happens if a t cell interacts with an MHC I marker? Why...

Biology
1.2K views

Mr. Smith has elevated cholesterol levels. He has heard that increasing the fiber in his...

Physics
1.2K views

Figure shows a siphon Choose the wrong statement Po atmospheric pressure O Siphon works when...

Geometry
1.2K views

4 S an wants to join a gym There are two gyms in his neighbourhood...

Calculus
1.2K views

#64 An airplane flies 220 miles with a heading of 40, and then flies 180...

Algebra
1.2K views

Question 17 of 21 Step 1 of 1 17 23 Correct R Divide using the...

Accounting
1.2K views

The following three accounts appear in...

Accounting
1.2K views

Q3: Give an example of Depositing Cash transaction and record it the books of bank?...

Accounting
1.2K views

Crane Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related...

Accounting
1.2K views

What was Emersons 2022 effective income tax rate? 2. What was Emersons tax obligation to...

Accounting
1.2K views

Question 1 Part A Success Ltd. had the following equity balances as at July 1,...