yorktown company

Project Description:

the data below relate to a product of yorktown company.
standard costs:
materials, 3 pounds at $7 per pound $21 per unit
labor, 4 hours at $18 per hour $72 per unit
budgeted production for the year 2,000 units

actual results were:
production 1,800 units
materials purchases, 6,000 pounds $48,230
labor, 7,420 hours $140,170
material used in production 5,750 pounds

required: (be sure to indicate whether the variance is favorable or unfavorable.)
a. compute the direct material price variance.
b. compute the direct material quantity variance.
c. compute the direct labor rate variance.
d. compute the direct labor efficiency variance.
Skills Required:
Project Stats:

Price Type: Negotiable

Total Proposals: 2
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