Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 23-12(static) direct materials and direct

Exercise 23-12(Static) Direct materials and direct labor variances LO P3 Camila Company has set...

50.1K

Verified Solution

Question

Accounting

Exercise 23-12(Static) Direct materials and direct labor variances LO P3
Camila Company has set the following standard cost per unit for direct materlals and direct labor.
Direct materials (10 pounds $3 per pound)
oirect labor (2 hours @ $12 pen houn)
30
24
During June the company incurred the following actual costs to produce 9.000 units.
Direct materials (92,00 pounds @ $2.95 per pound)
271,400
226,540
Direct labor (18,800 hours @ $12, as per hour)
AR= Actual Rate
SR= Standard Rate
AQ= Actual Quantity
SQ= Standard Quantity
AP=Actual Price
SP= Standard Price
AQ= Actual Quantity
SQ= Standard Quantity
AP = Actual Price
SP= Standard Price
(1) Compute the direct materials price and quantity variances:
(2) Compute the direct labor rate varlance and the direct labor efficiency varlance.
Complete this question by entering your answers in the tabs belowy
Required 1
Required 2
Compute the direct materials price and quantity variances.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Twenty economist were chosen randomly, and asked to predict if the national economy would improve during...

Statistics
Q

Enumerate the classification of organisms in domains

Biology
Q

assignment Due to the nature of the personal relationship that a social worker develops with his...

Psychology
Q

Generate a noisy image by adding salt and pepper noise to a clean image (try to...

Electrical Engineering
Q

Legalism, the politicalideology under theQin Dynasty in China,can be described asA. pragmaticB. authoritarianC. all of...

Biology
Q

38 Given below are two statements labelled as Assertion A and Reason R Assertion A...

Physics
Q

Do men and women select different breakfasts The breakfasts ordered by randomly selected men and...

Statistics
Q

Consider the graph of the exponential function below 10 5 10 5 0 5 10...

Algebra
Q

what is the cumulative percent frequency for the class of 16-20 a. 100% b....

Accounting
Q

Exerclse 10-9(Algo) Return on Investment (ROI) and Residual Income Relations [LO10-1, LO10-2] A family...

Accounting
Q

Question 1.1 Calculate Anne's remuneration for 15 April 2022. (4 marks) INFORMATION The normal...

Accounting
Q

Tower Partners is considering a project that will produce sales of $23,444 and have costs...

Accounting