Materials Price Variance = (SP-AP) *AQ
= (2.30-2.10)*21,500
= 4300 F
Materials Quantity Variance = (SQ-AQ) *SP
= (2500*7.40 - 21,500)*2.30
= 6900 U
Labor Rate Variance = (SR-AR) *AH
= (8.50-21,000/2000)*2000
= 4000 U
Labor efficiency variance = (SH-AH) *SR
= (0.90*2500 - 2000)*8.50
= 2125 F
Ceilise IU'U DIELL IvaLeidis aru DILLI LUDUI Valdices LLU IUI, LU 1002) Huron Company produces a...
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 Direct materials 6.00 pounds $ 2.30 per pound $ 13.80 Direct labor 0.50 hours $ 10.00 per hour $ 5.00 During the most recent month, the following activity was recorded: Eleven thousand pounds of material were purchased at a cost of $2.10 per pound. All...
Exercise 10-6 Direct Materials and Direct Labor Varlances [LO10-1, LO10-2] 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 6.90 pounds 2.30 hours Standard Price or Rate $2.60 per pound $7.00 per hour Standard Cost $17.94 $ 2.10 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 19,250.00 pounds of material were purchased at...
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 6.50 pounds 2.50 hours Standard Price or Rate $ 2.50 per pound $11.50 per hour Standard Cost $16.25 $ 5.75 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Twelve thousand six hundred pounds of material were purchased at a cost of $2.40 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 Quantity or Hours 7.50 pounds 0.80 hours Standard Price or Rate $2.40 per pound $7.00 per hour Standard Cost $18.00 $ 5.60 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 13,250.00 pounds of material were purchased at a cost of $2.20 per pound. b. All of 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 0.25 hours Standard Price or Rate $ 2.40 per pound $11.50 per hour Standard Cost $15.36 $ 2.88 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 17,500.00 pounds of material were purchased at a cost of $2.20 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 or Hours 7.40 pounds 0.45 hours Standard Price or Rate $2.60 per pound $8.00 per hour Standard Cost $19.24 $ 3.60 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 12,100.00 pounds of material were purchased at a cost of $2.50 per pound. b. All of 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 7.00 pounds 0.45 hours Standard Price or Rate $2.20 per pound $7.00 per hour Standard Cost $15.40 $ 3.15 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 19,500.00 pounds of material were purchased at a cost of $2.10 per pound. b. All of 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 7.80 pounds 0.30 hours Standard Price or Rate $2.50 per pound $6.00 per hour Standard Cost $19.50 $ 1.80 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 9,300.00 pounds of material were purchased at a cost of $2.20 per pound. b. All of 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 Standard Quantity or Hours 7.30 pounds 0.60 hours Standard Price or Rate $2.80 per pound $9.00 per hour Direct materials Direct labor $20.44 $ 5.40 During the most recent month, the following activity was recorded: a. 16,600.00 pounds of material were purchased at a cost of $2.50 per pound. b. All of the material...
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 6.00 pounds 0.50 hours Standard Price or Rate $ 2.30 per pound $10.00 per hour Standard Cost $13.80 $ 5.00 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 11,000.00 pounds of material were purchased at a cost of $2.10 per pound. b. All of...