A manufactured product has the following information for June. Standard Direct materialts Direct labor Overhead Units...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. Actual 48,500 lbs. @ $8.10 per lb. 15,700 hrs. @ $16.50 per hr. $198,000 8,000 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit"...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $7 per lb.) (2 hrs. @ $16 per hr.) (2 hrs. @ $12 per hr.) Actual 47,200 lbs. @ $7.20 per lb. 15,300 hrs. $16.40 per hr. $ 193,600 7,800 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorab unfavorable. AQ = Actual Quantity SQ = Standard Quantity AP = Actual...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (2 hrs. @ $15 per hr.) (2 hrs. @ $12 per hr.) Actual 47, 300 lbs. @ $8.10 per lb. 15, 300 hrs. @ $15.50 per hr. $192,900 7,800 Exercise 21-9 Direct materials variances LO P2 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. AQ...
Required information [The
following information applies to the questions displayed below.] A
manufactured product has the following information for June.
Standard Actual Direct materials 5 lbs. @ $9 per lb. 40,400 lbs. @
$9.20 per lb. Direct labor 3 hrs. @ $15 per hr. 23,700 hrs. @
$15.60 per hr. Overhead 3 hrs. @ $12 per hr. $ 294,800 Units
manufactured 8,000 Compute the direct materials price variance and
the direct materials quantity variance. (Indicate the effect of
each variance...
A manufactured product has the following information for
June.
Standard
Actual
Direct materials
(5 lbs. @ $8 per lb.)
42,900
lbs. @ $8.10 per lb.
Direct labor
(3 hrs. @ $16 per hr.)
25,200
hrs. @ $16.50 per hr.
Overhead
(3 hrs. @ $11 per hr.)
$
287,400
Units manufactured
8,500
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
Compute the direct materials price variance and the direct
materials quantity variance. Indicate...
A manufactured product has the following information for June. Standard Actual Direct materials (7 lbs. @ $9 per lb.) 56,500 lbs. @ $9.10 per lb. Direct labor (3 hrs. @ $16 per hr.) 23,700 hrs. @ $16.50 per hr. Overhead (3 hrs. @ $11 per hr.) $ 270,100 Units manufactured 8,000 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. AQ = Actual Quantity SQ = Standard Quantity AP...
A manufactured product has the following information for June. Standard Actual Direct materials (6 lbs. @ $9 per lb.) 48,600 lbs. @ $9.10 per lb. Direct labor (3 hrs. @ $15 per hr.) 23,700 hrs. @ $15.50 per hr. Overhead (3 hrs. @ $13 per hr.) $ 318,400 Units manufactured 8,000 Exercise 23-9 Direct materials variances LO P2 AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Compute the direct materials price variance...
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...
Required information [The following information applies to the questions displayed below] A manufactured product has the following information for June. Standard Actual Direct materials Direct labor Overhead (6 lbs. $7 per 1b.) (2 hrs. $17 per hr.) (2 hrs. $11 per hr.) 48,000 lbs.e $7.20 per 1b. 15,5ee hrs.@ $17.50 per hr. $179,4e0 7,900 Units manufactured Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. AQ= Actual Quantity SQ-...
I
need help on this problem
A manufactured product has the following information for June. Standard (6 lbs.@$8 per lb.) (2 hrs. @ $17 per hr.) (2 hrs. @ $12 per hr.) Actual Ibs.@$8.10 per Ib. hrs.@ $17.40 per hr. Direct materials 43,700 Direct labor 14,000 Overhead $179,400 Units 7,200 manufactured Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost AQ AP х AQ SP...