Beach Bag, Inc. developed standard costs for direct material and direct labor. The following information is...

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Beach Bag, Inc. developed standard costs for direct material and direct labor. The following information is from the static budget for 2018: 7,000 units Expected production and sales 680 Expected selling price per unit Total fixed costs $1.400,000 In 2018, Beach Bag, Inc. estimated the following standard costs for one of its major products, the canvas tote bag Standard Quantity Standard Price Standard Unit Cost 10 pounds $ 8 per pound $ 80 Direct materials Direct manufacturing 3.7 hours $50 per hour $185 labor During 2018, the actual number of units produced and sold was 4,800, at an average selling price of $720. The actual cost of direct materials used was $384,000, based on 60.000 pounds purchased at $6.40 per pound. Direct manufacturing labor-hours actually used were 18,700, at the rate of $48 per hour. As a result, actual direct manufacturing labor costs were $897,600. Actual fixed costs were $1,170,000. There were no beginning or ending inventories, What is the direct labor flexible budget variance? $9.600 unfavorable $9.600 favorable $407.000 favorable $422.900 favorable Beach Bag, Inc. developed standard costs for direct material and direct labor. The following information is from the static budget for 2018: 7,000 units Expected production and sales 680 Expected selling price per unit Total fixed costs $1.400,000 In 2018, Beach Bag, Inc. estimated the following standard costs for one of its major products, the canvas tote bag Standard Quantity Standard Price Standard Unit Cost 10 pounds $ 8 per pound $ 80 Direct materials Direct manufacturing 3.7 hours $50 per hour $185 labor During 2018, the actual number of units produced and sold was 4,800, at an average selling price of $720. The actual cost of direct materials used was $384,000, based on 60.000 pounds purchased at $6.40 per pound. Direct manufacturing labor-hours actually used were 18,700, at the rate of $48 per hour. As a result, actual direct manufacturing labor costs were $897,600. Actual fixed costs were $1,170,000. There were no beginning or ending inventories, What is the direct labor flexible budget variance? $9.600 unfavorable $9.600 favorable $407.000 favorable $422.900 favorable

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Estimated Direct Labour Cost for 7000 units 7000 ... View the full answer