Reference no: EM133172454
Question - The per-unit standard costs for direct materials and direct labor for its single product are as follows:
Materials: (4.0 kilograms × $10.00 per kilogram) $40.00
Labor: (4.0 hours × $18.00 per hour) $72.00
The operating data shown below were taken from the records for July:
In-process beginning inventory none
In-process ending inventory-90% complete as to labor 1,000 units
Units completed during the month 7,200 units
Budgeted output 8,000 units
Purchases of materials, in kilograms (AQ) 30,000
Total actual labor costs incurred $ 525,000
Direct labor hours worked (AQ) 28,000 hours
Materials purchase-price variance $ 3,000 unfavorable
Increase in materials inventory in July 1,500 kilograms
Beginning inventory of materials 0 kilogram
Required - Compute the direct labor flexible-budget variance for July?
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