Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the static budget for the month of may was for 3,0

The static budget for the month of May was for 3,000 units with direct materials...

80.2K

Verified Solution

Question

Accounting

The static budget for the month of May was for 3,000 units with direct materials at $28 per unit. Direct labor was budgeted at 30 minutes per unit for a total of $18,000. Actual output for the month was 3,000 units with $84,000 in direct materials and $19,300 in direct labor expense. The direct labor standard of 30 minutes was maintained throughout the month.

Determine whether a favorable or unfavorable variance occurred and what caused it.

please show explanation. Thank you

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

What name did the whites give to the event that the Native Americans called the...

Geometry
1.2K views

EFGH is a rhombus with FH 24 and GE 10 Find the perimeter of EFGH...

Geometry
1.2K views

The radius of a cylindrical water tank is 6 ft and its height is 16...

Accounting
1.2K views

a. Identify and discuss the benefts that can be expected to be derived from the FASB’s...

Physics
1.2K views

Question 5. The 2.50 µc point charges are located on the x-axis. One is at x...

Advance Math
1.2K views

Question 13 (1 point) Every invertible matrix is diagonalizable. Question 13 options: True False Question 14 (1 point) Every...

Geometry
1.2K views

Find the value of x 47 58

Geometry
1.2K views

ve triangle ABC If an answer does not exist enter DNE Round your answers to...

Algebra
1.2K views

What is the coefficient of the term containing x2y in the expansion of 3x y...

Accounting
1.2K views

DIRECT MATERIAL =10000 DIRECT LABOR=3000 FACTORY OVERHEAD=40000 WIP BEG=2000 WIP END =0 COGM=?

Accounting
1.2K views

Discuss the Human information Processing ( HIP ) and its implications on accounting standards

Accounting
1.2K views

High Point Furniture manufactures a high-quality dining table, which is offered in both oak and...