Pls answer ASAP Wonderland Company produces jewelry. The table below shows the data for the...
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Accounting
Pls answer ASAP
Wonderland Company produces jewelry. The table below shows the data for the month in production of bracelets:
Direct Materials
Direct Labor
Actual price per unit of input
0.45
0.60
Std price per unit of input
0.55
0.45
Actual units of input
385,000.00
525,800.00
Actual units of output
150,000.00
150,000.00
It takes 15 units of direct materials and 3 hrs to produce 5 rings.
Required: Compute for the Material Price, Efficiency and Flexible Budget Variance as well as the Labor Rate, Efficiency and Flexible Budget Variance. Please use 2 decimal places. Indicate "U" for Unfavorable and "F" if Favorable.
Amount (2 decimal places)
U or F
MPV
MEV
MFBV
LRV
LEV
LFBV
Answer & Explanation
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