Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sharp company manufactures a product for which the

Sharp Company manufactures a product for which the following standards have been set: During March,...

70.2K

Verified Solution

Question

Accounting

image
Sharp Company manufactures a product for which the following standards have been set: During March, the company purchased direct materials at a cost of $45,240, all of which were used in the production of 2,190 units of product. in addition, 4,500 direct labor-hours were worked on the product during the month. The cost of this labor time was $31,500. The following variances have been computed for the month: Required: 1. For direct materials: a. Compute the actual cost per foot of materials for March. b. Compute the price variance and the spending variance. 2. For direct labor: a. Compute the standard direct labor rate per hour. b. Compute the standard hours allowed for the month's production. c. Compute the standard hours allowed per unit of product. Complete this question by entering your answers in the tabs below. For direct materials, compute the actual cost per foot of materials for March. (Round your answer to 2 decimal places.)

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

Basic Math
1.2K views

the parabola s avs of symmetry Use the graphing tool to graph the equation Use...

Biology
1.2K views

Put the below steps on how to use the microscope inorder.A. Put the 4X objective...

Biology
1.2K views

Bacteria that have no tolerance of oxygen since they cannot produce catalase, peroxidase and/orsuperoxide dismutase...

Psychology
1.2K views

Which category in Maslow's hierarchy of needs is unfulfilled in the following example? Select the...

Calculus
1.2K views

Question 3 Which of the given funci V

Calculus
1.2K views

Consider the function f x x 4 5x Its derivative is f x 3x 2...

Calculus
1.2K views

1 point Solve the separable differential equation Subject to the initial condition y 0 9...

Calculus
1.2K views

Tutorial Exercise A ball is thrown into the air with a velocity of 46 ft...

Algebra
1.2K views

Use the graph below to answer the question C D E Which of the following...

Accounting
1.2K views

Do accounting rules determine the amount of income to be recorded by a taxpayer? Explain...

Accounting
1.2K views

5. Due to the sluggish economy, the Bi-Wheels Company has experienced some difficulty in selling...

Finance
1.2K views

12 12. ! Explain how these events influence the monetary base, money multiplier...