Urgent Kopecky Inc., which produces a single product, has prepared the following standard cost sheet...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Urgent
Kopecky Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product:
| Direct materials (6 kg at $1.90 per kilogram) | $11.40 | ||
| Direct labour (2.00 hours at $10.10 per hour) | $20.20 |
During the month of April, the company manufactures 260 units and incurs the following actual costs:
| Direct materials purchased and used (1,660 kg) | $3,403 | ||
| Direct labour (490 hours) | $4,753 |
Calculate the total, price, and quantity variances for materials and labour.
| Materials | Labour | ||||||
|---|---|---|---|---|---|---|---|
| Price variance | $enter a dollar amount | select a type of the variance | |||||
| $enter a dollar amount | select a type of the variance |
| Quantity variance | $enter a dollar amount | select a type of the variance |
|---|
| $enter a dollar amount | select a type of the variance |
| Total variance | $enter a dollar amount | select a type of the variance |
|---|
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.