Ex. 132 Salt-of-the-Earth Brick Company makes fired clay bricks for construction. The compay us standard...
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Ex. 132 Salt-of-the-Earth Brick Company makes fired clay bricks for construction. The compay us standard costing system that standard cost for labor is 075 hour at $32 anticipates production to be at a level ot 200,000 bricks. Dufing Auquet Sai-theEa manufactured 201,000 bricks. The company purchased 553.000 pounds ot clay at a cost $132,720. The cost of direct labor was $485,060 for 15.350 hours calls for 2.75 pounds of clay at $.20 per pound lor each bick. The Instructions a. Compute the materiale price and quantity varances and indicate favorable or unfavorable. b. Compute the labor price and quanity variances and indicate whathar the varacon a favorable or unfavorable
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