A manufactured product has the following information for June. Standard Actual 6 lbs. @ $9 per...
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A manufactured product has the following information for June. Standard Actual 6 lbs. @ $9 per lb. Direct materials Direct labor Overhead 2 hrs. @ $17 per hr.. 2 hrs. @ $12 per hr. 53,200 lbs. @ $9.20 per 1b. 17,400 hrs. @ $17.60 per hr. $218,100 8,800 Units manufactured Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ Actual Quantity SQ-Standard Quantity AP Actual Price SP Standard Price: Actual Cost Standard Cost 0 $ S $ 0 0 0 A manufactured product has the following information for June. Standard Actual 6 lbs. @ $9 per lb. Direct materials Direct labor Overhead 2 hrs. @ $17 per hr.. 2 hrs. @ $12 per hr. 53,200 lbs. @ $9.20 per 1b. 17,400 hrs. @ $17.60 per hr. $218,100 8,800 Units manufactured Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ Actual Quantity SQ-Standard Quantity AP Actual Price SP Standard Price: Actual Cost Standard Cost 0 $ S $ 0 0 0
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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