Part of your company’s accounting database was destroyed when Godzilla attacked the city. You have been able to gather the following data from your files. Reconstruct the remaining information using the available data. All of the raw material purchased during the period was used in production. (Hint:It is helpful to solve for the unknowns in the order indicated by the letters in the following table.)
| Direct labor | Direct Material |
Standard price or rate per unit of input | e | $8 per pound |
Standard quantity per unit of output | f` | c |
Actual quantity used per unit of output | 3.5 hours | a |
Actual price or rate per unit of input | $ 21 per hour | $ 7 per pound |
Actual output | 10,000units | 10,000units |
Direct-material price variance | $ 30,000 F |
|
Direct-material quantity variance | _____ | b |
Total of direct-material variances | _____ | $ 10,000 F |
Direct-labor rate variance | d | _____ |
Direct-labor efficiency variance | $ 100,000F | _____ |
Total of direct-labor variances | $ 65,000 F | _____ |
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.