Reference no: EM132776102
Problem - Lenni Clothing Co. manufactures clothing in a small manufacturing facility. Manufacturing has 25 employees. Each employee presently provides 40 hours of productive labor per week. Information about a production week is as follows:
Standard wage per hr. $12.00
Standard labor time per unit 12 min.
Standard number of yds. of fabric per unit 5.0 yds.
Standard price per yd. of fabric $5.00
Actual price per yd. of fabric $5.10
Actual yds. of fabric used during the week 26,200 yds.
Number of units produced during the week 5,220
Actual wage per hr. $11.80
Actual hrs. for the week 1,000 hrs.
Instructions -
(a) Determine the standard cost per unit for direct materials and direct labor.
(b) Determine the price variance, quantity variance, and total direct materials cost variance.
(c) Determine the rate variance, time variance, and total direct labor cost variance.
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