Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect
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Question:
Doogan Corporation makes a product with the following standard costs:
Standard Quantity or HoursStandard Price or RateDirect materials7.4grams$ 2.00per gramDirect labor0.5hours$ 20.00per hourVariable overhead0.5hours$ 7.00per hourThe company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour.
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.
The materials price variance for January is?
Related Book For
Modern Systems Analysis And Design
ISBN: 9780134204925
8th Edition
Authors: Joseph Valacich, Joey George
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