Johnson, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.8 pound

Question:

Johnson, Inc. is a manufacturer of lead crystal glasses. The standard direct ­materials quantity is 0.8 pound per glass at a cost of $ 0.30 per pound. The actual result for one month’s production of 6,900 glasses was 1.1 pounds per glass, at a cost of $ 0.40 per pound. Calculate the direct materials cost variance and the direct ­materials efficiency variance.


Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

Question Posted: