In July 2010, Zinger Corp. purchased 20,000 gallons of Numerol for $61,000 to use in the production

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In July 2010, Zinger Corp. purchased 20,000 gallons of Numerol for $61,000 to use in the production of product #43MR7. During July, Zinger Corp. manufactured 3,900 units of product #43MR7. The following information is available about standard and actual quantities and costs:

In July 2010, Zinger Corp. purchased 20,000 gallons of Numerol

a. Compute the material purchase price variance and the material quantity variance.
b. Compute the labor rate, labor efficiency, and total laborvariance.

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Cost Accounting Foundations and Evolutions

ISBN: 978-1111626822

8th Edition

Authors: Michael R. Kinney, Cecily A. Raiborn

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