Budgeted for production and sales

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Budgeted for production and sales of 1000 handbags however 900 were produced & sold. Each bag has a standard requiring 2 yards of material at a cost of $4.00 per yard and 1 hour of assembly time at a cost of $9.50 per hour. Actual costs of 900 bags was $7215 foe material {1850 yards purchased and used at a cost of $3.90 per yard} and $10,125 for labor {1,125 hours @ $9.00 per hour}. Carltons direct materials price variance is

Reference no: EM131286556

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Budgeted for production and sales : Budgeted for production and sales of 1000 handbags however 900 were produced & sold. Each bag has a standard requiring 2 yards of material at a cost of $4.00 per yard and 1 hour of assembly time at a cost of $9.50 per hour.

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