In July 2010, Zinger Corp. purchased 20,000 gallons of Numerol for $61,000 to use in the production
Question:
a. Compute the material purchase price variance and the material quantity variance.
b. Compute the labor rate, labor efficiency, and total laborvariance.
Transcribed Image Text:
Standard for One Unit A Actual Usage for July Direct material 48 gallons@ $3 pergallon 18,350 gallons Direct labor 20 minutes @ $9 per DLH 290 DLHs @ $9.02 per DLH
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a Material price variance 61000 3 20000 61000 60000 1000 U Standard quantity of ...View the full answer
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Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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