Materials Price Variance = (SP-AP) *AQ
= (0.35-0.32)*72000
= 2160 F
Materials Quantity Variance = (SQ-AQ) *SP
= (5000*6 - 37500) * 0.35
= 2625 U
Labor Rate Variance = (SR-AR) *AH
= (7.10-52500/7000)*7000
= 2800 U
Labor efficiency variance = (SH-AH) *SR
= (5000*1.3 - 7000)*7.1,
= 3550 U
Exercise 10-8 Direct Materials and Direct Labor Variances [L010-1, LO10-2] Dawson Toys, Ltd., produces a toy called the...
Exercise 10-8 Direct Materials and Direct Labor Variances (LO10-1, LO10-2) Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materials: 8 microns per toy at $0.33 per micron Direct labor: 1.4 hours per toy at $6.60 per hour During July, the company produced 4,800 Maze toys. The toy's production data for the month are as follows:...
Exercise 10-8 Direct Materials and Direct Labor Variances (LO10-1, LO10-2] Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materials: 7 microns per toy at $0.32 per micron Direct labor: 1.5 hours per toy at $7.10 per hour During July, the company produced 4,900 Maze toys. The toy's production data for the month are as follows:...
Exercise 10-8 Direct Materials and Direct Labor Variances [LO10-1, LO10-2] Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materials: 8 microns per toy at $0.32 per micron Direct labor: 1.3 hours per toy at $6.80 per hour During July, the company produced 5,300 Maze toys. The toy's production data for the month are as follows:...
Exercise 10-8 Direct Materials and Direct Labor Variances (LO10-1, LO10-2) Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materials: 7 microns per toy at $0.34 per micron Direct labor: 1.3 hours per toy at $6.60 per hour During July, the company produced 4,700 Maze toys. The toy's production data for the month are as follows:...
Exercise 10-8 Direct Materials and Direct Labor Variances [LO10-1, LO10-2] Dawson Toys, Ltd. produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materials: 8 microns per toy at $0.30 per micron Direct labor: 1.2 hours per toy at $6.50 per hour During July, the company produced 5,000 Maze toys. The toy's production data for the month are as follows:...
Exercise 10-8 Direct Materials and Direct Labor Variances (LO10-1, LO10-2] Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materials: 8 microns per toy at $0.32 per micron Direct labor: 1.2 hours per toy at $7.40 per hour During July, the company produced 4,900 Maze toys. The toy's production data for the month are as follows:...
Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materials: 6 microns per toy at $1.50 per micron Direct labor: 1.3 hours per toy at $21 per hour During July, the company produced 3,000 Maze toys. The toy's production data for the month are as follows: Direct materials. 25,000 microns were purchased at a cost of...
Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materials: 6 microns per toy at $0.31 per micron Direct labor: 1.4 hours per toy at $7.20 per hour During July, the company produced 5,100 Maze toys. The toy's production data for the month are as follows: Direct materials. 75,000 microns were purchased at a cost of...
Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy Direct materials: 6 microns per toy at $0.34 per micron Direct labor: 12 hours per toy at $710 per hour During July, the company produced 4,800 Maze toys. The toy's production data for the month are as follows: Direct materials: 74,000 microns were purchased at a cost of...
Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materials: 8 microns per toy at $0.33 per micron Direct labor: 1.4 hours per toy at $7.10 per hour During July, the company produced 4,900 Maze toys. The toy's production data for the month are as follows: Direct materials: 79,000 microns were purchased at a cost of...