Q . A company is maufacturing 5000 units for the period. Actualand standard direct materials information are: -
Standard Costs: 1.5 pounds per unit; purchase price is 0.78 perpound. Actual Costs: 8000 pounds purchased and used; purchase priceis 0.75 per pound. Find material price variance. Also tell if it'sfavourable or unfavourable.
Q. A company is maufacturing 5000 units for the period. Actualand standard direct materials information are: -
Standard Costs: 1.5 pounds per unit; purchase price is 0.78 perpound. Actual Costs: 8000 pounds purchased and used; purchase priceis 0.75 per pound. Find material usage variance. Also tell if it'sfavourable or unfavourable.?
Q. A company is maufacturing 5000 units for theperiod. The following are actual and standard direct laborinformation:
Standard Costs: 2.5 hours per unit; hourly rate is $20.25 perhour. Actual Costs: 13000 actual hours worked; hourly rate is$19.75 per hour. Find the total direct labor cost variance. Alsotell if it's favorable or unfavorable?
