Materials price variance = AQ (AP – SP) = 12,000 pounds ($2.90 per pound – $3.00 per pound) = $1,200 F
Materials quantity variance = SP (AQ – SQ) = $3.00 per pound [10,800 pounds – (1,200 units × 6.20 pounds per unit)] = $10,080 U
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below Standard Quantity or Standard Price Standard Hours or Rate Cost $3.00 per pound $10.00 per hour 6.20 pounds 0.40 hours $18.60 4.00 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Twelve thousand pounds of material were purchased at a cost of $2.90 per pound. b. The company produced...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 6.6 pounds 0.4 hours Standard Price or Rate S 3.00 per pound $12.00 per hour Standard Cost $19.80 S 4.80 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Twelve thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Standard Price Standard Quantity or Cost Hours or Rate 6.60 pounds $3.00 per pound $12.00 per hour Direct materials $19.80 Direct labor $4.80 0.40 hours During the most recent month, the following activity was recorded: a. Twelve thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b. The...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 6.40 pounds 0.40 hours Standard Price or Rate $ 3.00 per pound $11.00 per hour Standard Cost $19.20 $ 4.40 Direct materials Direct labor $ During the most recent month, the following activity was recorded: a. Twelve thousand four hundred pounds of material were purchased at a cost of $2.90 per...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below Standard Standard Quantity or Hours 6.40 pounds .40 hours Direct materials Direct labor Standard Price or Rate $ 3.00 per pound $11.00 per hour $19.20 $ 4.00 During the most recent month, the following activity was recorded a. Twelve thousand four hundred pounds of material were purchased at a cost of $2.90 per pound. b....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 4.6 pounds 8.2 hours Direct materials Direct labor Standard Price or Rate $ 2.50 per pound $18.00 per hour Standard Cost $11.50 $ 3.60 During the most recent month, the following activity was recorded a. Twenty thousand pounds of material were purchased at a cost of $235 per pound. b. The...
Huron Company produces a commercial cleaning compound known as
Zoom. The direct materials and direct labor standards for one unit
of Zoom are given below:
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Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost $16.25 5.75 Direct materials...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 7.20 pounds 0.50 hours Standard Price or Rate $ 2.90 per pound $10.00 per hour Standard Cost $20.88 $ 5.00 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 16,900.00 pounds of material were purchased at a cost of $2.60 per pound. b. All of...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below. Standard Quantity of Hours Direct materials Direct labor 7.0 pounds 0.4 hours Standard Price of Rate $ 3.00 per pound $14.00 per hour Standard Cost $21.00 S 5.60 During the most recent month, the following activity was recorded a. Thirteenthousand six hundred pounds of material were purchased at a cost of $2.90 per pound b....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.60 pounds 0.40 hours Standard Price or Rate $3.00 per pound $7.00 per hour Standard Cost $16.80 $ 2.80 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b....