Essay
The following information is available:
Actual output was 1,000 units.The company's per unit standards call for 15 yards of direct material at $10.00 per yard and 4 hours of direct labor at $9.50 per hour.The company purchased and used 11,000 yards of material.
Required:
A)Compute the price and quantity variances for direct material.
B)Compute the price and quantity variances for direct labor.
Correct Answer:
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A)Price Variance = 11,000 x ($12 - $10)=...View Answer
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Correct Answer:
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