KarenSmith5
Aug 4, 2013, 08:42 AM
>threads merged<
The following information describes production activities of the Central Copr:
30,000 units were completed during the year
Budgeted standards for each unit produced:
1/2 lb. of raw material at $4.15 per lb.
10 minutes of direct labor at $12.50 per hour
I need to compute the direct materials price and quantity and the direct labor rate and efficiency variances. Also need to indicate whether each variance is favorable or unfavorable.
The following information describes production activities of the Central Copr:
30,000 units were completed during the year
Budgeted standards for each unit produced:
1/2 lb. of raw material at $4.15 per lb.
10 minutes of direct labor at $12.50 per hour
I need to compute the direct materials price and quantity and the direct labor rate and efficiency variances. Also need to indicate whether each variance is favorable or unfavorable.