Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sagutanmokobaybeh company has developed the follow

Sagutanmokobaybeh Company has developed the following standards for one of its products: ...

90.2K

Verified Solution

Question

Accounting

Sagutanmokobaybeh Company has developed the following standards for one of its products:

STANDARD COSTS SHEET

One Unit of Product: Materials (4 pounds P5 per pound) P20.00

Direct labor (1 hour P7 per hour) P7.00

Additional notes:

1. Overhead is applied based on direct labor hours.

2. The standard direct labor hours for the variable overhead is 1 hour.

3. The total standard variable cost is P31

The following activity occurred during the month of December:

Materials purchased 4,100 pounds costing P18,800

Materials used 3,640 pounds

Units produced 900 units

Direct labor 1,000 hours costing P7,800

Question 1: What is the material price variance for December?

Question 2: How much is the variable efficiency variance?

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

The mean yearly snowfall for Boston over the past century is 43.5 inches. The standard deviation...

Statistics
Q

would the mechanism of action for testosterrone be its clinical uses? please explain its mechansim of...

Medical Sciences
Q

A new piece of equipment will have a fixed cost of $250,000 and the product it...

General Management
Q

Which of the following is not true about the slime layer/capsule?A) It is used to...

Biology
Q

AB FE In 3 4 find the length of indicated sides d x x y...

Geometry
Q

Find the value of the question mark 30 18 2

Basic Math
Q

Find the total year costs for 5 years 10 years and 15 years for purchasing...

Algebra
Q

Logistics Solutions provides order fulfillment services for dot.com merchants. The company...

Accounting
Q

Marcia, a single individual, has qualified trade or business income of $240,000. Her business paid...

Accounting
Q

Walsh Company manufactures and sells one product. The following information pertains to each of the...

Accounting
Q

The president of the retailer Prime Products has just approached the companys bank with a...

Accounting
Q

3 The balance sheets for Plasma Screens Corporation and additional information are provided below. PLASMA...

Accounting