Question: Please answer now 3. Halo Enterprises recently experienced a fire, forcing the company to use incomplete information to analyse operations. Consider the following data and
3. Halo Enterprises recently experienced a fire, forcing the company to use incomplete information to analyse operations. Consider the following data and assume that all materials purchased during the period were used in production: Direct materials: Standard price per pound: $9 Actual price per pound: $8 Price variance: $20,000F Total of direct-material variances: $2,000F Direct labour: Actual hours worked: 40,000 Actual rate per hour: $15 Efficiency variance: $28,000F Total of direct-labor variances: $12,000U Halo completed 12,000 units. Required: Determine the following: (1) actual materials used. (2) direct-material quantity variance. (3) total standard direct-materials allowed for actual production. rinn
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