Materials Price Variance = (SP-AP) *AQ
= (2.40-2.20)*17,500
= 3500 F
.
Materials Quantity Variance = (SQ-AQ) * SP
= (2500*6.40 - 17,500)*2.40
= 3600 U
.
Lablr rate variance = (SR-AR) *AH
= (11.50 - 5938/475)*475
= 475 U
.
Labor efficiency variance = (SH-AH) * SR
= (2500*0.25 - 475)* 11.50
= 1725 F
Comment if you face any issues
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
apter HomeworkI Check my work 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 Standard Price Standard 10 points Hours or Rate Cost Direct materials Direct labor 6.40 pounds 2.40 per pound 15.36 0.25 hours 11.50 per hour $ 2.88 eBook Print References During the most recent month, the following activity was recorded: a. 17,500.00 pounds of material were purchased...
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...
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...
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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 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...
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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 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...
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