In the table given below, reconstruct the remaining information using the available data. All of the raw
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In the table given below, reconstruct the remaining information using the available data. All of the raw material purchased during the period was used in production. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round "Standard Quantity per Unit of Output" to 2 decimal places.)
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Direct Material Direct Labor Standard price or rate per unit of input 10 per pound per hour Standard quantity per unit of output pounds per unit hours per unit pounds per unit Actual quantity used per unit of output 2.10 hours Actual price or rate per unit of input 14 per hour 8 per pound Actual output 6,500 units 6,500 units Standard input quantity allowed 20,475 pounds hours Direct-material purchase price variance 44,200 F Direct-material quantity variance Direct-labor rate variance 42,250 F Direct-labor efficiency variance Total direct-labor variance 28,600 F %24 %24 %24
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Calculation of standard quantity per unit of output is given below Therefore the standard quantity per unit of output is 315 Pounds per unit 15 Pounds ...View the full answer
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