Question: Rocket Inc. provides the following standard cost data per unit of product: Direct material (3 gallons @ $6 per gallon) Direct labor (2 hours @

Rocket Inc. provides the following standard cost data per unit of product: Direct material (3 gallons @ $6 per gallon) Direct labor (2 hours @ $10 per hour) $18.00 $20.00 During the period, the company produced and sold 22,500 units, incurring the following costs: Direct material Direct labor 68,000 gallons 45,500 hours @ $5.90 per gallon @ $ 9.75 per hour The direct material usage variance was: $3,000 unfavorable. $3,000 favorable $42,000 favorable. $42,000 unfavorable

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!

Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria, where the local currency unit is the naira (NGN). On December 31, 2019, the subsidiary had the following balance sheet (amounts are...

Rocket Inc, provides the following standard cost data per unit of product: Direct material (3 gallons @ $6 per gallon) Direct labor (2 hours @ $10 per hour) $18.00 $20.00 During the period, the...

Rocket Inc. provides the following standard cost data per unit of product: Direct material (3 gallons @ $6 per gallon) Direct labor (2 hours @ $10 per hour) $18.00 $20.00 During the period, the...

Petromelis Textiles, Inc. provides the following standard cost data per unit of product: Direct material (3 gallons @ $6 per gallon) $ 18.00 Direct labor (2 hours @ $10 per hour) $ 20.00 During the...

QUESTION 16 Berry Company provides the following standard cost data per unit of product: Direct material (3 gallons @ $6 per gallon) $ 18.00 Direct labor (2 hours @ $10 per hour) $ 20.00 During the...

The Bach Company provides the following standard cost data per unit of product: Direct material (3 gallons @ $3 per gallon) $9.00 Direct labor (2 hours @ $12 per hour) 24.00 During the period, the...

The Russell Company provides the following standard cost data per unit of product: Direct material (3 gallons @ $5 per gallon) Direct labor (2 hours @ $12 per hour) $15.00 $24.00 During the period,...

The Russell Company provides the following standard cost data per unit of product: Direct material (3 gallons @ $4 per gallon)$ 12.00 Direct labor (2 hours @ $11 per hour)$ 22.00 During the period,...

Insert four terms between 1.8 and 57.6 to form a GP.

In the circuit, a metal filament lamp is connected in series with a capacitor of capacitance C F across a 200 V, 50 Hz supply. The power consumed by the lamp is 500 W while the voltage drop across it...

P ( x ) = ( n x ) * p x * q ( n - x ) P ( 0 ) = ( 3 0 ) * 0 . 8 0 * 0 . 2 ( 3 - 0 ) = Input the values!

What is your primary argument against (or for) the operator precedence rules of APL?

Link OA has a counterclockwise angular velocity = 4 rad/sec during an interval of its motion. Determine the angular velocity of link AB and of sector BD for = 45 at which instant AB is horizontal...

The disk rotates about a fixed axis through point O with a clockwise angular velocity w 0 = 20 rad/s and a counterclockwise angular acceleration a 0 = 5 rad/s 2 at the instant under consideration....

Scores on an IQ test are normally distributed. A sample of 25 IQ scores had variance s 2 = 64. The developer of the test claims that the population variance is 2 = 225. Do these data provide...

For the network in Figure P5.65, vs(t)=120cos377t V. Find Vo(t) vo(t) Figure P5.65

What is the importance of b. Work Health and Safety Act 2011 (WHS Act)

4.63 Compute the probability of 7 successes in a random sample of size n = 14 obtained from a population of size N = 30 that contains 15 successes.

4.65 Compute the probability of 3 successes in a random sample of size n = 5 obtained from a population of size N = 40 that contains 25 successes.

4.69 A bond analyst was given a list of 12 corporate bonds. From that list she selected 3 whose ratings she felt were in danger of being downgraded in the next year. In actuality, a total of 4 of the...