Direct Materials (all materials purchased were used): Standard cost: $6.00 per pound of urn. Total actual cost:

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Direct Materials (all materials purchased were used):

Standard cost: $6.00 per pound of urn.

Total actual cost: $5,600.

Standard cost allowed for units produced was $6,000.

Materials efficiency variance was $120 unfavorable.

Direct Manufacturing Labor:

Standard cost is 2 urns per hour at $24.00 per hour.

Actual cost per hour was $24.50.

Labor efficiency variance was $336 favorable.

Required:

a. What is standard direct material amount per urn?

b. What is the direct material price variance?

c. What is the total actual cost of direct manufacturing labor?

d. What is the labor price variance for direct manufacturing labor?

Related Book For answer-question

Managerial Accounting

ISBN: 9780073022857

7th Edition

Authors: Ronald W Hilton

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Posted Date: May 12, 2024 03:01 AM

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Direct Materials (all materials purchased were used): Standard cost: $6.00 per pound of urn. Total actual cost:

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Lets address each requirement a Standard Direct Material Amount per Urn Standard cost per pound 600 ... View the full answer

Managerial Accounting

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