Direct Materials (5*8) | 40 |
Direct labor (3*17) | 51 |
Overhead (3*13) | 39 |
Total | 130 |
Total Cost variance = (130*8300) - [(42100*8.20)+(24500*17.50)+329,000]
= 1,079,000 - 1,102,970
= 23,970 Unfavorable
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Required information The following information applies to the questions displayed below. A manufactured product has the...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Standard 5 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 42.100 lbs. lbs. @ $8.20 per lb. 24,500 hrs. @ $17.50 per hr. $329,000 Direct labor Overhead Units manufactured 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance...
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Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 42,100 lbs. @ $8.20 per lb. 24,500 hrs. @ $17.50 per hr. $329,000 8,300 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by...
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