Direct Material Efficiency Variance: | ||
(Standard Qty-Actual Qty)*Standard Price | ||
((9*23000)-198000)*1.7 | ||
(207000-198000)1.7 | ||
15,300 | Favourable | |
Task Master Enterprises employs a standard cost system in which direct materials inventory is carried at...
Task Master Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. Task Master has established the following standards for the prime costs of one unit of product. Standard Quantity 7 pounds 0.28 hour Standard Price $ 1.50 per pound $10.40 per hour Direct Materials Direct Labor Standard Cost $10.50 2.08 $12.58 During November, Task Master purchased 140,000 pounds of direct materials at a total cost of $238,000. The total factory wages for November...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 36 pounds $ 3.20 per pound $ 115.20 Direct Labor 0.60 hour $ 15.50 per hour 9.30 $ 124.50 During November, TaskMaster purchased 83,000 pounds of direct materials at a total cost of $332,000. The total factory wages for November...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 8 pounds $ 1.70 per pound $ 13.60 Direct Labor 0.40 hour $ 7.00 per hour 2.80 $ 16.40 During November, TaskMaster purchased 168,000 pounds of direct materials at a total cost of $336,000. The total factory wages for November...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 16 pounds $ 2.20 per pound $ 35.20 Direct Labor 0.35 hour $ 10.00 per hour 3.50 $ 38.70 During November, TaskMaster purchased 130,000 pounds of direct materials at a total cost of $312,000. The total factory wages for November...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 8 pounds $ 1.80 per pound $ 14.40 Direct Labor 0.25 hour $ 8.00 per hour 2.00 $ 16.40 During November, TaskMaster purchased 160,000 pounds of direct materials at a total cost of $304,000. The total factory wages for November...
taskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Quantity 6 pounds 0.30 hour Direct Materials Direct Labor Standard Price $ 1.60 per pound $10.00 per hour Standard Cost $ 9.60 -3.00 $12.60 During November, TaskMaster purchased 144,000 pounds of direct materials at a total cost of $273.600. The total factory wages for November were $50,000,...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 7 pounds $ 1.50 per pound $ 10.50 Direct Labor 0.20 hour $ 10.40 per hour 2.08 $ 12.58 During November, TaskMaster purchased 140,000 pounds of direct materials at a total cost of $238,000. The total factory wages for November...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 10 pounds $ 2.00 per pound $ 20.00 Direct Labor 0.20 hour $ 9.00 per hour 1.80 $ 21.80 During November, TaskMaster purchased 231,000 pounds of direct materials at a total cost of $508,200. The total factory wages for November...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 8 pounds $ 2.00 per pound $ 16.00 Direct Labor 0.25 hour $ 8.00 per hour 2.00 $ 18.00 During November, TaskMaster purchased 152,000 pounds of direct materials at a total cost of $319,200. The total factory wages for November...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 8 pounds $ 1.50 per pound $ 12.00 Direct Labor 0.25 hour $ 6.20 per hour 1.55 $ 13.55 During November, TaskMaster purchased 184,000 pounds of direct materials at a total cost of $331,200. The total factory wages for November...