Direct materials quantity standard: Direct materials price standard: Direct labor time standard: Direct labor rate standard:...

Transcribed Image Text:

Direct materials quantity standard: Direct materials price standard: Direct labor time standard: Direct labor rate standard: Variable manufacturing overhead rate standard: Fixed manufacturing overhead rate standard: Machine hour standard: Given the standard costs above and the following price and direct materials quantity variances. Direct materials purchased and used: Price paid for direct materials: Number of good units produced: 5 kgs per unit $10.20 per kg 0.4 hour per unit $10.75 per hour $7.00 per machine hour $11.00 per machine hour 2 hours per unit actual cost and usage data, compute the direct materials 55,000 kgs $10.00 per kg 11,000 units Direct materials quantity standard: Direct materials price standard: Direct labor time standard: Direct labor rate standard: Variable manufacturing overhead rate standard: Fixed manufacturing overhead rate standard: Machine hour standard: Given the standard costs above and the following price and direct materials quantity variances. Direct materials purchased and used: Price paid for direct materials: Number of good units produced: 5 kgs per unit $10.20 per kg 0.4 hour per unit $10.75 per hour $7.00 per machine hour $11.00 per machine hour 2 hours per unit actual cost and usage data, compute the direct materials 55,000 kgs $10.00 per kg 11,000 units

Answer rating: 100% (QA)

Direct materials price variance Actual PriceStandar... View the full answer