The following data for a company pertain to the production of 800 urns during August....
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Accounting
The following data for a company pertain to the production of 800 urns during August.
Direct Materials (all materials purchased were used):
Standard cost: $4.80 per pound of urn.
Total actual cost: $4,480.
Standard cost allowed for units produced was $4,800.
Materials efficiency variance was $96 unfavorable.
Required: a. What is standard direct material amount per urn?
b. What is the direct material flexible budget variance?
c. What is the actual direct material amount used per urn?
d. What is the actual paid per pound?
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