Question

Labor and Material Variances
Standard direct-labor rate .......... $ 15.00
Actual direct-labor rate ........... $ 11.50
Standard direct-labor hours ......... 10,000
Direct-labor quantity variance—unfavorable .. $ 9,000
Standard unit price of materials ........ $ 4.60
Actual quantity purchased and used ...... 2,500
Standard quantity allowed for actual production . 1,850
Materials purchase price variance—favorable ... $ 500

1. Compute the actual hours worked, rounded to the nearest hour.
2. Compute the actual purchase price per unit of materials, rounded to the nearest penny.



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  • CreatedNovember 19, 2014
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