Question: PROBLEM 10-30 Materials and Labour Variances; Computations from Incomplete Data [LO1 LO2, LO3 Talia Company produces a single product. The company has set standards as
PROBLEM 10-30 Materials and Labour Variances; Computations from Incomplete Data [LO1 LO2, LO3 Talia Company produces a single product. The company has set standards as follows for materials and labour: Direct Materials Direct Labour 125 hours $10perhour ? kilograms ? per kilogram $1250 During the past month, the company purchased 3,000 kilograms of direct materials at a cost cf $8,250. All of this material was used in the production of 700 units of product. Direct labour cost totalled $6,825 for the month. The following variances have been computed: $ 600U s 150 F efficiency variance..$2250 Required: 1. For direct materials a Compute the standard price per kilogram for materials
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