Question: please help finding the Direct Materials Quantity Variance The following data is given for the stringer Company: Budgeted production Actual production 951 units 1,043 units
The following data is given for the stringer Company: Budgeted production Actual production 951 units 1,043 units Materials: $1.9 Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production 10,743 $22,023 Actual price paid for materials Labor: Standard hourly labor rate $14.33 per hour 4.9 Standard hours allowed per completed unit Actual labor hours worked 5,371.45 Actual total labor costs $81,915 Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs $1,107,000 $27.00 per standard labor hour $150,401 Overhead is applied on standard labor hours. The direct materials quantity variance is
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