The following data relate to a product manufactured by Kent Corporation: Direct material standard: 3.5 square...

  

 

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The following data relate to a product manufactured by Kent Corporation: Direct material standard: 3.5 square feet at $2.50 per square foot Direct material purchased & used: 33,000 square feet at $2.60 per square foot Manufacturing activity: 9,600 units completed SHOW ALL COMPUTATIONS Compute price variance, quantity variance, direct material variance. Direct Labor Standard Cost Data per 1 Unit Quantity Price 2 hrs $41/hr Actual Data: Units produced Direct Labor SHOW ALL COMPUTATIONS. 20 units 39 hrs; total cost $1560 Compute rate variance, efficiency variance, direct labor variance The following data relate to a product manufactured by Kent Corporation: Direct material standard: 3.5 square feet at $2.50 per square foot Direct material purchased & used: 33,000 square feet at $2.60 per square foot Manufacturing activity: 9,600 units completed SHOW ALL COMPUTATIONS Compute price variance, quantity variance, direct material variance. Direct Labor Standard Cost Data per 1 Unit Quantity Price 2 hrs $41/hr Actual Data: Units produced Direct Labor SHOW ALL COMPUTATIONS. 20 units 39 hrs; total cost $1560 Compute rate variance, efficiency variance, direct labor variance

Answer rating: 100% (QA)

SOLUTION To compute the variances for direct materials and direct labor well use the following formulas 1 Direct Material Variances a Price Variance A... View the full answer