Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / A company uses the following standard costs to produce a single unit of output

A company uses the following standard costs to produce a single unit of output

Accounting

A company uses the following standard costs to produce a single unit of output.

DM 8 pounds at $0.80 per pound = $6.40

DL 0.50 hour at $9.00 per hour = $4.50

Manufacturing overhead 0.50 hour at $4.40 per hour = $2.20

During the latest month, the company purchased and used 76,000 pounds of direct materials at a price of $1.10 per pound to produce 10,000 units of output. DL costs for the month totaled $41,710 based on 4,850 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $18,000 and fixed manufacturing overhead incurred was $12,000. Based on this information, the direct materials quantity variance for the month was:

Option 1

Low Cost Option
Download this past answer in few clicks

2.96 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE