Jax Budgeted for production and sales of 5000 units at a sale price of $15...
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Jax Budgeted for production and sales of 5000 units at a sale price of $15 per unit. Direct material is 1.50 pounds at $2.50 per pound Direct labor 30 minutes of assembl at $20 per minute. Actual results for 2012 were determined to be. # of units produced & sold were 5600 units Sales revenue was 100,800 {$18 per unit} Direct material cost were 22,848 { 9520 lbs purchased and used at $2.40 per lbs} Direct labor was $38,192 {173,600 minutes at $22 per minute}. What was Jax direct material usage variance for 2012
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