Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following direct materials and direct labor da

The following direct materials and direct labor data pertain to the operations of Laurel Company...

90.2K

Verified Solution

Question

Accounting

image

The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs $13 per hour Actual labor rate Actual materials price $220 per ton $12.50 per hour Standard labor rate Standard materials price $224 per ton Quantities Actual hours incurred and used 4,200 hours Actual quantity of materials purchased and used 1,600 tons Standard hours used 4,280 hours Standard quantity of materials used 1,580 tons a) Compute the total, price, and quantity variances for materials and labor Total materials variance $ Materials price variance $ $ Materials quantity variance Total labor variance $ Labor price variance $ $ Labor quantity 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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

14 When preparing to drive you should Adjust the seat to a reclining position

Physics
1.2K views

IVE NUMERICAL A stationary source emits the sound of frequency fo 492 Hz The sound...

Physics
1.2K views

answer out of which ONLY ONE is correct choice questions Each question has 4 choices...

Geometry
1.2K views

A cylindrical glass has a diameter of 6 inches and is 12 inches tall Suppose...

Geometry
1.2K views

6 rotation 180 about the origin G H F

Basic Math
1.2K views

The sets below represent test scores for two students in Mrs Silvio s trigonometry class...

Algebra
1.2K views

3 3x 31x 36

Accounting
1.2K views

Thank you! I will definitely rate! On April 1, Jiro Nozomi created a new...

Accounting
1.2K views

6 Barlow Company manufactures three products-A, B, and C. The selling price, variable costs, and...

Accounting
1.2K views

ISSUANCE OF BONDS 1. On Jan 1, 2015, Angels Ltd. issued 10-year,...

Accounting
1.2K views

Billings Company is a decentralized wholesaler with five autonomous divisions. The divisions are evaluated on...

Accounting
1.2K views

Post 30 transactions using the T format.. Use the 30 transactions from the Activity and...