Alameda Inc., which produces a single product, has prepared the following standard cost sheet for one unit

Question:

Alameda Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.

Direct materials (8 pounds at $2.50 per pound) .... $20

Direct labor (3 hours at $12.00 per hour) ....... $36

During the month of April, the company manufactures 230 units and incurs the following actual costs.

Direct materials purchased and used (1,900 pounds) . $4,940

Direct labor (700 hours) ............. $8,120


Instructions

Compute the total, price, and quantity variances for materials and labor.

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Related Book For  book-img-for-question

Managerial Accounting Tools for business decision making

ISBN: 978-0470477144

5th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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