Question: What is the direct materials price variance for June ? Managerial Accountin 4 ASSIGNMENT -WEEK London Enterprises uses a standard cost system in its widget

What is the direct materials price variance for June ? Managerial

What is the direct materials price variance for June ?

Managerial Accountin 4 ASSIGNMENT -WEEK London Enterprises uses a standard cost system in its widget division. The following standard unit costs apply to the manufacture of widgets in June: Direct Materials Direct Labor Variable O/H Fixed O/H Normal production 120 lbs @ S1.50 per lb 3 hrs@ $15.00 per hr. $6.00 per direct labor hour $54,000 total for month 1,800 units per month Actual production data per unit for June was Direct Materials Direct Labor Variable O/H Fixed O/H Actual production 116 lbs a $1.65 per lIb 3.1 hrs $15.00 per hr $25,860 total for month $54,000 total for month 1,650 units

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