Materials Price Variance = (SP-AP) *AQ
= (0.32-0.29)*73000
= 2190 F
Materials Quantity Variance = (SQ-AQ) *SP
= (4900*8 - 49,000)*0.32
= 3136 U
Labor Rate Variance = (SR-AR) *AH
= (7.40-51840/6480) * 6480
= 3888 U
Labor efficiency variance = (SH-AH) * SR
= (4900*1.2 - 6480)*7.40
= 4440 U
Exercise 10-8 Direct Materials and Direct Labor Variances (LO10-1, 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 $0.30 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: 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: 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 $0.34 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 [L010-1, 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: 6 microns per toy at $0.35 per micron Direct labor: 1.3 hours per toy at $710 per hour During July, the company produced 5,000 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: 7 microns per toy at $0.32 per micron Direct labor: 1.1 hours per toy at $7.40 per hour During July, the company produced 4,600 Maze toys. The toy's production data for the month are as follows: Direct materials: 71,000 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: 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 5,500 Maze toys. The toy's production data for the month are as follows: Direct materials: 79,000 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: 7 microns per toy at $0.31 per micron Direct labor: 1.1 hours per toy at $6.80 per hour During July, the company produced 5,500 Maze toys. The toy's production data for the month are as follows: Direct materials: 77,000 microns were purchased at a cost of...