Taylor Enterprises purchased 56,000 pounds (cost = $420,000) of direct material to be used in the manufacture
Question:
An examination of Taylor's payroll records revealed that the company worked 22,000 labor hours (cost = $319,000) during the period, and specifications called for each completed unit requiring two hours of labor at a standard cost of $14.80 per hour.
Assume that the company computes variances at the earliest point in time.
Taylor's direct-material price variance was:
A. $16,050F
B. 16,050 U
C. $16,800 F
D. $16,800 U
E. None of these.
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Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt
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