Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. required information help [the following informat

Required information Help [The following information applies to the questions displayed below.] A...

50.1K

Verified Solution

Question

Accounting

Required information
Help
[The following information applies to the questions displayed below.]
A manufactured product has the following information for June.
\table[[Direct materials,Standard Quantity and Cost,],[Direct labor,6 pounds @ $8 per pound,45,500 pounds @ $8.20 per pound],[Overhead,3 DLH @ $16 per DLH,22,200 hours @ $16.60 per hour],[Units manufactured,3 DLH @ $12 per DLH,$275,200 units]]
Compute the
(1) direct materials price variance and
(2) direct materials quantity variance.
Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answe decimal places.
AQ= Actual Quantity
SQ= Standard Quantity
AP= Actual Price
SP= Standard Price
image

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1: A car, A, is stationary with the engine running. A second car, car B, passes...

Physics
Q

ADHD is a highly publicized and controversial topic. Pick two of the questions below to discuss...

Psychology
Q

Answer the Following Question using Web: a) Use web search to identify and name 10 university...

Electrical Engineering
Q

A circular coil of radius R is carrying current 1 The ratio of magnetic fields...

Physics
Q

1C is the amount of charge that passes through a common lightbulb in about one

Physics
Q

Pharoah Company is considering an investment that will return a lump sum of $900,600, 6...

Accounting
Q

Using the activity-based costing information below, calculate the total supplier activity cost for Supplier X....

Accounting
Q

QUESTION FOUR (20 MARKS) The following information relates to Richfield Distributors: Pre-adjustment...

Accounting
Q

Assume the company records adjusting entries monthly. Journalize the adjusting entries needed as of 31....

Accounting
Q

Use the Black-Scholes option pricing model to price the following European put option. 69.50 68.00...

Finance
Q

Sunspot Beverages, Limited, of Fiji uses the weighted-average method of process costing. It makes blended...

Accounting
Q

When considering whether or not to accept a new audit engagement, the auditor must be...

Accounting