The following information was obtained from KMG Manufacturing Company. Standard Data: Direct material Direct labour Variable...

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The following information was obtained from KMG Manufacturing Company. Standard Data: Direct material Direct labour Variable manufacturing overheads Actual Data: Direct material Direct labour. Variable manufacturing overhead Actual units produced a) b) c) d) e) f) g) h) i) 4 yards @ $4 per yard 3 hours @ $6 per hour $2 per hour 48,000 yards @ $4.20 per yard 34,000 hours @ $5.20 per hour 34,000 hours totalling $80,000 18,000 Compute the direct material price variance Calculate the direct material usage variance Total Direct Material Cost variance Calculate direct labour rate variance Calculate direct labour efficiency variance Total Direct Labour Cost variance Variable Manufacturing Overhead Rate Variable Manufacturing Overhead Efficiency Give One (1) possible cause of an adverse material price variance The following information was obtained from KMG Manufacturing Company. Standard Data: Direct material Direct labour Variable manufacturing overheads Actual Data: Direct material Direct labour. Variable manufacturing overhead Actual units produced a) b) c) d) e) f) g) h) i) 4 yards @ $4 per yard 3 hours @ $6 per hour $2 per hour 48,000 yards @ $4.20 per yard 34,000 hours @ $5.20 per hour 34,000 hours totalling $80,000 18,000 Compute the direct material price variance Calculate the direct material usage variance Total Direct Material Cost variance Calculate direct labour rate variance Calculate direct labour efficiency variance Total Direct Labour Cost variance Variable Manufacturing Overhead Rate Variable Manufacturing Overhead Efficiency Give One (1) possible cause of an adverse material price variance

Answer rating: 100% (QA)

a Direct Material Price Variance Actual Quantity AQ 48000 yards Actual Price AP 420 per yard Standar... View the full answer