Question: please help finding the Direct Materials Price Variance The following data is given for the Stringer Company: Budgeted production 948 units Actual production 1,060 units
The following data is given for the Stringer Company: Budgeted production 948 units Actual production 1,060 units Materials: Standard price per ounce $1.88 Standard ounces per completed unit Actual ounces purchased and used in production 13,102 $26,859 Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead $14.42 per hour 4.6 5,459 $83,250 $1,147,000 $24.00 per standard labor hour Standard variable overhead rate Actual variable overhead costs $152,852 Overhead is applied on standard labor hours. Round your final answer to the nearest dollar. Do not round interim calculations
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