Solution
Material Price Variance | $ 1,380.00 | Unfavourable-U |
Material quantity variance | $ 740.00 | Unfavourable-U |
Material purchase price variance | $ 1,920.00 | Unfavourable-U |
Labor rate variance | $ 685.00 | Unfavourable-U |
Labor Efficiency variance | $ 15,640.00 | Unfavourable-U |
Working
1500 | Units | ||
Quantity (AQ) | Rate (AR) | Actual Cost | |
Direct Material | 4600 | $ 7.70 | $ 35,420.00 |
Direct labor | 6850 | $ 18.50 | $ 126,725.00 |
.
Standard DATA for | 1500 | Units | |
Quantity (SQ) | Rate (SR) | Standard Cost | |
[A] | [B] | [A x B] | |
Direct Material | ( 3 pounds x 1500 Units)=4500 pounds | $ 7.40 | $ 33,300.00 |
Direct labor | ( 4 Hour x 1500 Units)=6000 Hour | $ 18.40 | $ 110,400.00 |
.
Material Price Variance | ||||||
( | Standard Rate | - | Actual Rate | ) | x | Actual Quantity |
( | $ 7.40 | - | $ 7.70 | ) | x | 4600 |
-1380 | ||||||
Variance | $ 1,380.00 | Unfavourable-U | ||||
Material Quantity Variance | ||||||
( | Standard Quantity | - | Actual Quantity | ) | x | Standard Rate |
( | 4500 | - | 4600 | ) | x | $ 7.40 |
-740 | ||||||
Variance | $ 740.00 | Unfavourable-U |
.
Labor Rate Variance | ||||||
( | Standard Rate | - | Actual Rate | ) | x | Actual Labor Hours |
( | $ 18.40 | - | $ 18.50 | ) | x | 6850 |
-685 | ||||||
Variance | $ 685.00 | Unfavourable-U | ||||
Labour Efficiency Variance | ||||||
( | Standard Hours | - | Actual Hours | ) | x | Standard Rate |
( | 6000 | - | 6850 | ) | x | $ 18.40 |
-15640 | ||||||
Variance | $ 15,640.00 | Unfavourable-U |
..
Material Purchase price Variance | ||||||
( | Standard Rate | - | Actual Rate | ) | x | Actual Quantity |
( | $ 7.40 | - | $ 7.70 | ) | x | 6400 |
-1920 | ||||||
Variance | $ 1,920.00 | Unfavourable-U |
During June, Danby Company's material purchases amounted to 6,400 pounds at a price of $7.70 per...
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 6,700 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...
-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 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...
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 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, 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, 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...
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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...