Question

Rip Tide Company manufactures surfboards. Its standard cost information follows:


Rip Tide has the following actual results for the month of June:
Number of units produced and sold ......... 312
Number of square feet of fiberglass used ...... 4,920
Cost of fiberglass used ............... $27,552
Number of labor hours worked ........... 3,060
Direct labor cost ............... $47,736
Variable overhead cost ............. $14,790
Fixed overhead cost ............. $20,500

Required:
Calculate the following for Rip Tide:
1. Direct materials price, quantity, and spending variances.
2. Direct labor rate, efficiency, and spendingvariances.


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  • CreatedFebruary 27, 2015
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