connect flexible budgets
shahimermaid (Not rated)
(Not rated)
Exercise 8-9 Direct materials variances LO P2
| A manufactured product has the following information for June. |
| Standard | Actual | |||
| Direct materials | (6 lbs. @ $7 per lb.) | 50,200 | lbs. @ $7.10 per lb. | |
| Direct labor | (2 hrs. @ $16 per hr.) | 16,200 | hrs. @ $16.40 per hr. | |
| Overhead | (2 hrs. @ $11 per hr.) | $ | 188,500 | |
| Units manufactured | 8,300 | |||
| ||||
Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. |
10 years ago
100% correct solution
NOT RATED
Purchase the answer to view it
2.pdf
