in july 2013, zinger corp. purchased 20,000 gallons of numerol for $61,000.

Project Description:

in july 2013, zinger corp. purchased 20,000 gallons of numerol for $61,000 to use in the production of product #43mr7. during julu, zinger corp, manufactured 3,900 units of product #43mr7. the following information is available about standard and actual quantities and costs:
standard for one unit: dm 4.8 gallons @ $3 per gallon, dl 20 minutes @$9 per dlh and actual usage for july: dm 18350 gallons and dl 1290 dlhs @$9.02 per dlh.
compute the material purchase price variance and the material quantity variance.
compute the labor rate, labor efficiency, and total labor variance.
prepare the journal entires for the marerial and labor variance.
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Project Stats:

Price Type: Negotiable

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