During June, Danby Company’s material purchases amounted to 7,700 pounds at a price of $8.30 per pound. Actual costs incurred in the production of 2,400 units were as follows:
Direct labor: | $ | 143,325 | ($19.50 per hour) |
Direct material: | $ | 48,970 | ($8.30 per pound) |
The standards for one unit of Danby Company’s product are as follows:
Direct Labor: | Direct Material: |
Quantity, 3 hours per unit | Quantity, 2 pounds per unit |
Rate, $19.40 per hour | Price, $8.00 per pound |
Required:
Compute the direct-material price and quantity variances, the direct-material purchase price variance, and the direct-labor rate and efficiency variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)
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During June, Danby Company’s material purchases amounted to 7,700 pounds at a price of $8.30 per...
During June, Danby Company’s material purchases amounted to 8,300 pounds at a price of $7.50 per pound. Actual costs incurred in the production of 1,700 units were as follows: Direct labor: $ 142,695 ($18.90 per hour) Direct material: $ 39,000 ($7.50 per pound) The standards for one unit of Danby Company’s product are as follows: Direct Labor: Direct Material: Quantity, 4 hours per unit Quantity, 3 pounds per unit Rate, $18.80 per hour Price, $7.20 per pound Required: Compute the...
During June, Danby Company’s material purchases amounted to 8,000 pounds at a price of $6.20 per pound. Actual costs incurred in the production of 2,500 units were as follows: Direct labor: $ 121,506 ($15.40 per hour) Direct material: $ 32,798 ($6.20 per pound) The standards for one unit of Danby Company’s product are as follows: Direct Labor: Direct Material: Quantity, 3 hours per unit Quantity, 2 pounds per unit Rate, $15.00 per hour Price, $5.90 per pound Required: Fill...
During June, Danby Company's material purchases amounted to 7,200 pounds at a price of $7.70 per pound. Actual costs incurred in the production of 1,700 units were as follows: Direct labor: Direct material: $125,795 $18.10 per hour) $ 41,580 ($7.70 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor: Quantity, 4 hours per unit Rate, $18.00 per hour Direct Material: Quantity, 3 pounds per unit Price, $7.40 per pound Required: Compute the direct-material...
During June, Danby Company's material purchases amounted to 6,400 pounds at a price of $7.70 per pound. Actual costs incurred in the production of 1,500 units were as follows: Direct labor: Direct material: $126,725 ($18.50 per hour) $ 35,420 ($7.70 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor: Quantity, 4 hours per unit Rate, $18.40 per hour Direct Material: Quantity, 3 pounds per unit Price, $7.40 per pound Required: Compute the direct-material...
During June, Danby Company's material purchases amounted to 6,700 pounds at a price of $8.00 per pound. Actual costs incurred in the production of 2,300 units were as follows: Direct labor: Direct material: $134,420 ($18.80 per hour) $ 39,200 ($8.00 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor: Quantity, 3 hours per unit Rate, $18.70 per hour Direct Material: Quantity, 2 pounds per unit Price, $7.70 per pound Required: Compute the direct-material...
During June, Danby Company’s material purchases amounted to 15,190 pounds at a price of $6.00 per pound. Actual costs incurred in the production of 2,450 units were as follows: Direct labor: $ 78,144 ($14.80 per hour) Direct material: $ 75,180 ($6.00 per pound) The standards for one unit of Danby Company’s product are as follows: Direct Labor: Direct Material: Quantity, 2 hours per unit Quantity, 5 pounds per unit Rate, $14.50 per hour Price, $5.80 per pound Required: Fill in...
-26 During June, Danby Company's material purchases amounted to 6,000 pounds at a price of S7.30 per pound. Actual costs incurred in the production of 2,000 units were as follows: Calculation S116,745 818.10 per hour) S30.660 ($7.30 per pound) Direct labor: Direct material: The standards for one unit of Danby Company's product are as follows: Direct material: Direct labor: Quantity, 2 pounds per unit Price, $7 per pound Quantity. 3 hours per unit Rate, SI8 per hour Compute the direct-material...
During June, Danby Company's material purchases amounted to 6,000 pounds at a price of $7.30 per pound. Actual costs incurred in the production of 2,000 units were as follows: Direct labor: Direct material: $116,745 ($18.10 per hour) $ 30,660 ($7.30 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor: Quantity, 3 hours per unit Rate, $18 per hour Direct Material: Quantity, 2 pounds per unit Price, $7 per pound Required: Fill in the...
During June, Fraser Company’s material purchases amounted to 4,700 pounds at a price of $8.50 per pound. Actual costs incurred in the production of 1,000 units were as follows: Direct labor: $ 89,351 ($19.9 per hour) Direct material: $ 19,635 ($8.50 per pound) The standards for one unit of Fraser Company’s product are as follows: Direct labor: Direct material: Quantity, 2.7 hours per unit Quantity, 1.6 pounds per unit Rate, $19.7 per hour Price, $8.00 per pound Required: Compute the...
During June, Fraser Company’s material purchases amounted to 3,900 pounds at a price of $6.50 per pound. Actual costs incurred in the production of 1,000 units were as follows: Direct labor: $ 83,125 ($17.5 per hour) Direct material: $ 19,240 ($6.50 per pound) The standards for one unit of Fraser Company’s product are as follows: Direct labor: Direct material: Quantity, 3.3 hours per unit Quantity, 1.9 pounds per unit Rate, $17.3 per hour Price, $6.00 per pound Required: Compute the...