ABC manufactures a product with the following: Direct materials standard 5 units at $4 per unit Direct

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Question:

ABC manufactures a product with the following:

Direct materials standard 5 units at $4 per unit

Direct manufacturing labor standard 15 hours at $20 per hour

During the second quarter, the company made 3,000 products and used 22,000 units of raw material costing $90,200. Direct labor totaled 70,000 hours for $1,365,000.

Required:

a. Compute the direct materials price and efficiency variances for the quarter.

b. Compute the direct manufacturing labor price and efficiency variances for the quarter.

Related Book For answer-question

Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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Posted Date: Feb 26, 2024 07:59 AM

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ABC manufactures a product with the following: Direct materials standard 5 units at $4 per unit Direct

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a Direct Materials Variances 1 Direct Materials Price Variance Price Variance Actual Quantity x Actu... View the full answer

Cost Accounting

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