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Question - Preff and Sons had the following records for July:
Budgeted
Actual
Units produced and sold
40,000
50,000
Direct materials
$160,000
$233,200 for 106,000 pounds
Direct labor
$200,000
$245,520 for 24,800 hours
Each unit is budgeted to require 2 pounds of direct materials and ½ hour of direct labor.
Required - Find the price and efficiency variances for direct materials and direct labor, then net them together (add favorable variances and subtract unfavorable variances). Show all Calculations.
calculate the sales mix variance, A company manufacturing Pens , expects to sell 100 ball pens, with a contribution margin
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