Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pls help! will leave good review! bonita inc.

pls help! will leave good review! Bonita Inc., which produces...

60.1K

Verified Solution

Question

Accounting

pls help! will leave good review!
image
image
Bonita Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (9 pounds at $3.80 per pound) Direct labor (5 hours at $11.00 per hour) During the month of April, the company manufactures 260 units and incurs the following actual costs. Direct materials purchased and used (2,100 pounds) Direct labor (1,310 hours) Total materials variance Compute the total, price, and quantity variances for materials and labor. Materials price variance Materials quantity variance" $34.20 $55.00 Total labor variance $ $8,190 $14,148 210 912 702 262 Favorable Unfavorable Favorable Favorable Direct materials purchased and used (2,100 pounds) Direct labor (1,310 hours) Compute the total, price, and quantity variances for materials and labor. Total materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance eTextbook and Media $8,190 $14,148 SA 210 912 702 262 110 152 Favorable Unfavorable Favorable Favorable Favorable Unfavorable

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