Question: I need help with this general accounting question using standard accounting techniques. Nexus Manutacturing, Inc. (NMI) developed standard costs for direct materials and direct labor.

I need help with this general accounting question using standard accounting techniques.

I need help with this general accounting question
Nexus Manutacturing, Inc. (NMI) developed standard costs for direct materials and direct labor. In 2022, NMI estimated the following standard costs for one of their major products, the 30-gallon industrial plastic bin. Budgeted quantity| Budgeted price 0.4 pounds $35 per pound $22 per how During September, NMI produced and sold 8,000 bins using 3,400 pounds of direct materials at an average cost per pound of $36 and 5,200 direct manufacturing labor hours at an average wage of $21.50 per hour. The direct manufacturing labor efficiency variance during September is: a. $2,200 unfavorable b. $8,800 unfavorable c. $6,600 unfavorable d. $4,640 unfavorable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!