Actual output was 1000 units the companys per unit

Assignment Help Accounting Basics

Reference no: EM13601578

The following information is available:

Actual Inputs for Actual Price
Each Unit of Output Per Unit of Input
Direct materials 11 yards $12 per yard
Direct labor 4.2 hours $8 per hour

Actual output was 1,000 units. The company's per unit standards call for 15 yards of direct material at $10.00 per yard and 4 hours of direct labor at $9.50 per hour. The company purchased and used 11,000 yards of material.

Required:
A) Compute the price and quantity variances for direct material.
B) Compute the price and quantity variances for direct labor

Reference no: EM13601578

Questions Cloud

Calculate the minimum price per chair that the company : bob johnson inc. sells a lounging chair for 25 per unit. it incurs the following costs for the product direct materials

Dtermine the heat transfer per unit width assuming rec : in a chemical processing plant glycerin flows over a 1 m long heated flat plate at free-stream conditions u infinity

The spring has a spring constant of 154 nm and the spring : question two objects m1 2.15 kg and m2 4.30 kg sit on a horizontal frictionless surface and are pushed together with

Super bakery inc created in1990 by former pittsburgh : super bakery inc. created in1990 by former pittsburgh steelers running back franco harris is a nationwide supplier of

Actual output was 1000 units the companys per unit : the following information is available actual inputs for actual price each unit of output per unit of input direct

To investigate the fluid mechanics of swimming twenty : to investigate the fluid mechanics of swimming twenty swimmers each swam a specified distance in a water-filled pool

Find the change of entropy using the ideas gas table and : air undergoes a process with the states given below. find the change of entropy using the ideas gas table and compare

When a 980 kg mass is placed on top of a vertical spring : question when a 9.80 kg mass is placed on top of a vertical spring the spring compresses 4.00 cm. what would the

Lamar corporation has a joint process which produces three : lamar corporation has a joint process which produces three products called a b and c. each product may be sold at

User Account

All Pages