Mad City Products Inc (MCP), developed standard costs for direct material and direct labor In...
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Mad City Products Inc (MCP), developed standard costs for direct material and direct labor In 2017, MCP estimated the following standard costs for one of their most popular products Budgeted quantity Budgeted price Dred materials 1 pounds 52.30 pet pound Dired tabor 0.7 hours $13 per hour Durbin September, MCP produced and sold 2.000 units using 2.400 pounds of direct materials at an average cost per pound of 52 and 1.360 dind labor hours at an average wape of $13.15 per host The direct labor price variance during September la OA 5210 favorable OB 1204 favorable OC5520 unfavorable OD. $206 unfavorable
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