Required information [The following information applies to the questions displayed below.) A manufactured product has t...
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. Actual Direct materials 42,100 lbs. @ $8.20 per Direct labor Standard 5 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. lb. hrs. @ $17.50 per 24,500 hr. $329,000 Overhead Units manufactured 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 (7 lbs. @ $7 per lb.) 58,600 lbs. @ $7.10 per lb. Direct labor (3 hrs. $15 per hr.) 24,600 hrs. $15.50 per hr. Overhead (3 hrs. 512 per hr.) $304,100 Units manufactured 8,300 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. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $7 per lb.) (2 hrs. @ $15 per hr.) (2 hrs. @ $12 per hr.) Actual 43,600 lbs. @ $7.10 per lb. 14,000 hrs. @ $15.40 per hr. $179,700 7,200 AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Compute the direct...
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 (7 lbs. @ $9 per lb.) (3 hrs. @ $16 per hr.) (3 hrs. @$12 per hr.) Actual 62,000 lbs. @ $9.20 per lb. 26,000 hrs. @ $16.50 per hr. $323,000 8,800 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable....
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...
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 (6 lbs. @ $7 per lb.) (3 hrs. @ $16 per hr.) (3 hrs. @ $12 per hr.) Actual 43,800 lbs. @ $7.20 per lb. 21,300 hrs. @ $16.40 per hr. $264,300 7,200 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or...
Required information The following Information applies to the questions displayed below.] A manufactured product has the following Information for June Direct eaterials Direct labor (6 lbs. e $7 per lb.) (2 hrs. e $15 per hr.) (2 hrs. e $13 per hr.) 46, 800 lbs. $7.10 per 1b 15, 100 hrs. $15.50 per hr $206, 800 Units sanufactured 7,700 Compute the direct materials price variance and the direct materials quantity varlance. Indicate whether each varlance is favorable or AQ Actual...
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 7 lbs. @ $8 per lb. 2 hrs. @ $15 per hr. 2 hrs. @ $11 per hr. Actual 61,300 lbs. @ $8.10 per lb. 17,100 hrs. @ $15.40 per hr. $ 197,500 8,700 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each 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 6 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 43,100 lbs. @ $8.10 per lb. 21,100 hrs. @ $17.40 per hr. $282,800 7,100 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by...