Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. materials and labor variances deporte company pr

Materials and Labor Variances Deporte Company produces single-colored t-shirts. Materials for the shirts...

90.2K

Verified Solution

Question

Accounting

Materials and Labor Variances
Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next batch of materials to be colored. The following standards for changeover for a given batch have been established:
Direct materials (2.4 lbs. @ $0.95) $2.28
Direct labor (0.75 hr. @ $7.40)5.55
Standard prime cost $7.83
During the year, 79,500 pounds of material were purchased and used for the changeover activity. There were 30,000 batches produced, with the following actual prime costs:
Direct materials $71,820
Direct labor $186,259(for 22,450 hrs.)
Required:
Compute the materials and labor variances associated with the changeover activity, labeling each variance as favorable or unfavorable.
Material Variances
Price variance $fill in the blank 1
Favorable
Usage variance $fill in the blank 3
Unfavorable
Labor Variances
Rate variance $fill in the blank 5
Unfavorable
Efficiency variance $fill in the blank 7
Favorable

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

Basic Math
1.2K views

Find the absolute maximum and minimum, if either exists, for the function on the indicated interval. f(x)=x^3-6x^2+9x+5 (A)...

Basic Math
1.2K views

The length, width, and height of a box are measured as 5 ft, 4 ft, and 8 ft, respectively,...

Calculus
1.2K views

Complete the table to find the indefinite integral Use C for the constant of integration...

Algebra
1.2K views

Choose the property of addition that justifies the equation 0 8 8 5 b b...

Accounting
1.2K views

Business Processes and Risks Pizza Inc., a pizza take-out and delivery chain, is experiencing decreasing...

Accounting
1.2K views

Goal Ltd. is authorized to issue $1,500,000 of 296, 10-year bonds payable. On December 31...

Accounting
1.2K views

PLEASE ANSWER IN PARAGRAPH FORM THE BEST WAY POSSIBLE :) THANK YOU! Read...

Accounting
1.2K views

3. Irene, a calender year cash basis taxpayer, owns and operated several TV rental outlets...

Accounting
1.2K views

an income statement can be prepared by reference to: a. Post closing trial balance. b....

Accounting
1.2K views

Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.5% service years...

Finance
1.2K views

Question 6 (20 points) Johnny runs a building business called Rose Homes. He...

Finance
1.2K views

What is the present value of the following cash flow stream at a rate of...