Orion Corporation has established the following standards for the prime costs of one unit of...
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Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards. Standard Quantity Standard Price or Rate Standard Cost Direct material pounds $ per pound $ Direct labor hour $ per hour Total $ During June, Orion purchased pounds of direct material at a total cost of $ The total wages for June were $ percent of which were for direct labor. Orion manufactured dartboards during June, using pounds of the direct material purchased in June and directlabor hours. Required: Compute the following variances for June. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter for no effect ie zero variance
Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards.
Standard Quantity Standard Price or Rate Standard Cost
Direct material pounds $ per pound $
Direct labor hour $ per hour
Total $
During June, Orion purchased pounds of direct material at a total cost of $ The total wages for June were $ percent of which were for direct labor. Orion manufactured dartboards during June, using pounds of the direct material purchased in June and directlabor hours.
Required:
Compute the following variances for June.
Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter for no effect ie zero variance
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