material price variance | ||||||
material Quantity variance | ||||||
huron | ||||||
Material price variance | ||||||
(Actual rate - standard rate)*actual qty | ||||||
(2.10-2.20)*19500 | ||||||
1950 | F | |||||
materials quantity variance | ||||||
(Actual qty - SQ allowed)*standard rate | ||||||
(19500 - 2500*7)*2.2 | ||||||
4400 | U | |||||
labor rate variance | ||||||
(Actual rate - standard rate)*Actual hours | ||||||
(9,225 - 1025*7) | ||||||
2050 | U | |||||
labor Efficiency variance | ||||||
(Actual hours - standard hours)*standard rate | ||||||
(1025 - 2500*.45)*7 | ||||||
700 | F | |||||
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 Hours or Rate 7.00 pounds $2.20 per pound 0.45 hours $7.00 per hour Direct materials Direct labor Standard cost $15.40 $ 3.15 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 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...
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 Cost $18.00 5.60 Standard Price Quantity or Hours or Rate 7.50 pounds Direct materials $2.40 per pound $7.00 per hour Direct labor 0.80 hours During the most recent month, the following activity was recorded: a. Thirteen thousand two hundred and fifty pounds of material were purchased at a cost of $2.20 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 Standard Price Standard Hours Cost or Rate Direct materials 7.50 pounds $18.00 $5.60 $2.40 per pound $7.00 per hour Direct labor 0.80 hours 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 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 6.40 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 7.80 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...