Materials Price Variance = (SP-AP) *AQ
= (2.50-2.35)*20,000
= 3,000 Favourable
Materials Quantity Variance = (SQ-AQ) *SP
= (4,000*4.6 - 20,000)*2.50
= 4,000 Unfavorable
Labor Rate Variance = (SR-AR) *AH
= (18 - 14,925/750)*750
= 1,425 Unfavorable
Labor Efficiency variance = (SH-AH) *SR
= (4,000*0.2 - 750)*18
= 900 Favourable
EXERCISE 9-13 Direct Materials and Direct Labor Variances L09-4, LO9-5 Huron Company produces a commercial cleaning...
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 4.6 pounds 8.2 hours Direct materials Direct labor Standard Price or Rate $ 2.50 per pound $18.00 per hour Standard Cost $11.50 $ 3.60 During the most recent month, the following activity was recorded a. Twenty thousand pounds of material were purchased at a cost of $235 per pound. b. The...
Exercise 10-6 Direct Materials and Direct Labor Variances [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 Standard Price or Rate Standard Cost Direct materials 4.6 pounds $ 2.50 per pound $ 11.50 Direct labor 0.2 hours $ 12.00 per hour $ 2.40 During the most recent month, the following activity was recorded: a. Twenty thousand pounds 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 Standard Price or Rate Standard Cost Direct materials 4.6 pounds $ 2.50 per pound $ 11.50 Direct labor 0.2 hours $ 18.00 per hour $ 3.60 During the most recent month, the following activity was recorded: Twenty thousand pounds of material were purchased at a cost of $2.35 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: Please help me correct my error, provide me the way to do it too if possible: 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 $16.25 5.75 Direct materials...
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 4.6 pounds $ 2.50 per pound $ 11.50 Direct labor 0.2 hours $ 12.00 per hour $ 2.40 During the most recent month, the following activity was recorded: Twenty thousand pounds of material were purchased at a cost of $2.35 per pound. 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 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 Standard Price Standard Cost $16.25 $ 5.75 Direct materials Direct labor 6. Se pounds 0.50 hours $ 2.50 per pound $11.50 per hour 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 b. 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 7.90 pounds $ 2.10 per pound $ 16.59 Direct labor 0.50 hours $ 5.00 per hour $ 2.50 During the most recent month, the following activity was recorded: Fourteen thousand eight hundred and fifity pounds of material were purchased at a cost 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 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....