Question: Material and labor variance Consider the following data for a manufacturing company direct material Direct L Actual price per unit of input 7.80 12 Standard

Material and labor variance Consider the following data for a manufacturing company direct material Direct L Actual price per unit of input 7.80 12 Standard price per unit of input 7.00 12.75 Standard inputs allowed per unit 10 2 Actual units of input 115,000 30,000 Actual units of output(product) 14,400 14,400 1.- Compute the price, quantity, and flexible-bundle variances for direct materialand direct labor. Unse U or F to indicate whether the variances are unfavorable or favorable 2.- Prepare a plausible emplanation for the performance

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!

Denise Lopez, age 40, is single and has no dependents. She is employed as a legal secretary by Legal Services, Inc. She owns and operates Typing Services located near the campus of Florida Atlantic...

Consider the following data for Veer Ltd: Direct Materials Direct Labor Actual price per unit of inputs (Kg and hour) in Rs 7.5 12 Standard price per unit of inputs in Rs 7 14 Standard inputs allowed...

4. (20 pts) Consider the following data for a manufacturing company: Direct Materials Actual price per unit of input (Ib and hr) $7.80 Standard price per unit of input 7.00 Standard input allowed per...

6. (20 pts) Consider the following data for a manufacturing company Direct Materials Direct Labor 11 .50hr 13.55/hr Actual price per unit of input 7.90/lb Standard price per unit of input Standard...

Please Write Neat and Answer ASAP and make sure its right. Thank You 6. (20 pts) Consider the following data for a manufacturing company Direct $7.90/lb $7.50/lb Materials Direct Labor Actual price...

4. Consider the following data for a manufacturing company: Direct Materials Direct Labor Actual price per unit of input $7.70/lb $12.00/hr Standard price per unit of input $7.00/lb 12.75/hr Standard...

GROUP COMPUTER PROJECT ACCT 6060/Bazaz/ Winter intersection 2021 (Due : Nov 15th 2021 Professor Review) Shiraz, Inc. is a small producer and distributor of a product called Alpha. Shiraz Company has...

GROUP COMPUTER PROJECT ACCT 6060 Bazaz Shiraz, Inc. is a small producer and distributor of a product called Alpha. Shiraz Company has become interested in the preparation of operating and financial...

ACCT 6060/Bazaz/ Winter intersection 2021 (Due : Nov 15th 2021 Professor Review) Shiraz, Inc. is a small producer and distributor of a product called Alpha. Shiraz Company has become interested in...

Shiraz, Inc. is a small producer and distributor of a product called Alpha. Shiraz Company has become interested in the preparation of operating and financial budgets. The budgets are vitally needed...

According to an extensive survey conducted for Business Marketing by Leo J. Shapiro & Associates, 66% of all computer companies are going to spend more on marketing this year than in previous years....

Compute Process Time (PT) for the following business process: CT-2 days PT=0.5 hrs A + CT= 1 day PT-3 hrs B CT= 4 days PT=4 hrs D CT = 5 days PT = 2 hrs CT-3 days PT=2 hrs E

A _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ is a specific statement of what a person does, with similar tasks grouped into a task dimension Group of answer choices Duty Task Behavior Job

A four-year $8000 promissory note bearing interest at 6.6% compounded monthly was discounted 21 months after issue to yield 4.8% compounded quarterly. What were the proceeds from the sale of the note?

The building specifications in a certain city require that the sewer pipe used in residential areas have a median breaking strength of more than 2,500 pounds per lineal foot. A manufacturer who would...

The building specifications in a certain city require that the sewer pipe used in residential areas have a mean breaking strength of more than 2,500 pounds per lineal foot. A manufacturer who would...

The function y(t) = 1 -! e -b t, where t is time and b > 0, describes many processes, such as the height of liquid in a tank as it is being filled and the temperature of an object being heated....

Consider the insertion of items with the following keys (in the given order) into an initially empty wavl tree: 12, 44, 52, 58, 38, 27, 41, 11. Draw the final tree that results.

Under the ADA, reasonable accommodations must be provided to allow a qualified employee to perform the essential functions of a job. These accommodations range in everything from reserved parking to...

What comments do you get from the outside world in the imagined future when you have achieved what you wanted?

14. Think of a positive experience in your life, once you experienced that you had great creativity, great insight or a very strong concentration around some-thing you focused strongly on achieving....

How will it feel to have achieved this? Describe this briefly to yourself.