Variances explainedworld wide produts has developed the

Reference no: EM13361503

Variances : explained

World Wide Produts has developed the following standards for one of its products:

Direct materials 25 pounds at $4 per pound
Direct labor 8 hours at $10 per hour

The following activity was recorded for the production of 12,000 units during the month of August.

Materials purchased 355,000 pounds at $4.15 a pound
Materials used 305,000 pounds
Direct labor 95,400 hours at $10.75 an hour

a. Compute the materials price variance.
b. Compute the materials usage variance.
c. Compute the labor rate variance.
d. Compute the labor efficiency variance.

Reference no: EM13361503

Questions Cloud

Patek philippe and the outsourcing challengeplease imagine : patek philippe and the outsourcing challengeplease imagine you are senior manager with the swiss haute horlogerie brand

National labor relations act 1935what were the provisions : national labor relations act 1935what were the provisions of the national labor relations act 1935 and the historical

Unions on strikei am the newly named ceo of a large fortune : unions on strikei am the newly named ceo of a large fortune 500 company. this company has been publicly traded on the

President bushs second state of the union address critical : president bushs second state of the union address critical thinking skills in politicscan you please explain from the

Variances explainedworld wide produts has developed the : variances explainedworld wide produts has developed the following standards for one of its productsdirect materials 25

Process costing direct labor in ending inventorybeginning : process costing direct labor in ending inventorybeginning inventory consisted of 2000 units with direct labor costs of

Labor relations employee relations and global hrscenario : labor relations employee relations and global hrscenario one you are a supervisor in a small manufacturing plant. the

What recommendations would you suggest for a large division : what recommendations would you suggest for a large division current organization structure is autocratic and they want

Prepare the entry to record the factory labor costs for the : prepare the entry to record the factory labor costs for the month of january darlinda companythe gross earnings of the

User Account

All Pages