1. SUW, Inc uses standard costs to value its inventories. The standard cost of materials is $27...
Question:
a. Calculate the Direct Material Price (Cost) Variance.
b. Calculate the Direct Material Usage (Efficiency) Variance.
2. SUW, Inc uses standard costs to value its inventories. The standard cost of direct labor is $84 (6 hours @ $14 per hour). During the current month, 92,000 hours were worked at an actual cost $13.80 pre hour. 15,000 finished units were produced.
a. Calculate the direct labor cost (rate) variance.
b. calculate the direct labor usage (efficiency) variance.
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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