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Question - Variance analysis, material and labor Each unit of job Y703 has standard requirements of 5 pounds of raw material at a price of $100 per pound and 0.5 hour of direct labor at $12 per hour. To produce 9,000 units of this product, job Y703 actually required 40,000 pounds of the raw material costing $97 per pound. The job used a total of 5,000 direct labor hours costing a total of $60,000.
Required - Determine the material price variance for job Y703.
Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2017. Prepare a variable costing income statement for 2017
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jan 1 - issued check number 3010 to pay the january rent in the amount of 1450jan 6 - purchased 5600 of merchandise for
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