Question: Can someone help me resolve this step by step please, thanks The following data is given for the stringer Company: Budgeted production 1,008 units Actual
The following data is given for the stringer Company: Budgeted production 1,008 units Actual production 945 units Materials: Standard price per ounce exist1.81 Standard pounds per completed unit 10 Actual pounds purchased and used in production 9, 167 Actual cost of materials exist18, 792 Labor: Standard hourly labor rate exist15.00 per hour Standard hours allowed per completed unit 4.0 Actual labor hours worked 4, 866.75 Actual total labor costs exist74, 218 Overhead: Actual and budgeted fixed overhead exist1, 169, 541 Standard variable overhead rate exist24.00 per standard labor hour Actual variable overhead costs exist136, 269 Overhead is applied on standard labor hours. Determine the direct material quantity variance. Select the correct answer. 2.200 F 2.200 U 512 F 512 U
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