Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. plz help! huron company produces a commercial

plz help! Huron Company produces a commercial cleaning compound known as...

60.1K

Verified Solution

Question

Accounting

plz help!
image
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: During the most recent month, the following activity was recorded: a. Twenty thousand pounds of material were purchased at a cost of $2.35 per pound. b. All of the material purchased was used to produce 4,000 units of Zoom. c. 750 hours of direct labor time were recorded at a total labor cost of $14,925. Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month. (For all requirements, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

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

Physics
1.2K views

The binding energies of the atom of elements A B are Ea Eb respectively Three...

Finance
1.2K views

Amy is going to need R145 000 in three years’ time, to pay for a holiday...

Psychology
1.2K views

For this post, I would like for us to discuss some event in our lives (of...

Physics
1.2K views

In the \"Bohr model\" of the Hydrogen atom, a single electron is said to have a...

Geometry
1.2K views

T 16x 10 W 67 V

Geometry
1.2K views

Show that|Re(?2+ z ? 3z+z)| ?7 when |z| ? 1.

Geometry
1.2K views

Choose the best selection for the quadrilateral with vertices at the following points 1 0...

Calculus
1.2K views

Verify the identity cos 7x 7y cos 7x 7y 2 cos 7x cos 7y cos...

Accounting
1.2K views

Curry Company has two divisions, Eastern Division and Western Division. Curry Company has been allocating...

Accounting
1.2K views

a. No dividends are declared or paid. b. Issued additional stock for $12,800 cash. c....

Accounting
1.2K views

During June, Buttrey Corporation incurred $67,000 of direct labor costs and $7,000 of indirect labor...

Accounting
1.2K views

Problem 5-22 CVP Applications; Contribution Margin Ratio; Break-Even Analysis; Cost Structure [LO5-1, LO5-3, LO5-4, LO5-5,...