Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. fb 6 directmaterials(16pounds&$5perpound)dir

FB 6 Directmaterials(16pounds&$5perpound)Directlabor(2hours@$16perhour)$8032 During June the company incurred the following actual costs to...

60.1K

Verified Solution

Question

Accounting

FB 6

imageimageimage

Directmaterials(16pounds&$5perpound)Directlabor(2hours@$16perhour)$8032 During June the company incurred the following actual costs to produce 8,600 units. Direct materials (139,700 pounds @ $4.80 per pound) $670,560 Direct labor (21,260 hours @ $16.10 per hour) AR= Actual Rate SR= Standard Rate 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 variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Required 2> Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no varlance. Round "Rate per hour" answers to 2 decimal places.)

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

1.Where does SANS get all of the information about attacks that are occurring? 2. What type of...

Programming
Q

A thin rod of length 1 m is suspended from its end and is made...

Physics
Q

1 point A health research fund drive has raised 18 700 That is 22 of...

Algebra
Q

X X Fill in the blank with the appropriate word An equation of the form...

Algebra
Q

Arrow Hospitality prepares adjustments monthly and showed the following at September 30,2023: ...

Accounting
Q

In the chart below, to the right of the column of numbers are three columns...

Accounting
Q

Japanese companies are companies that apply Material Flow of Cost Accounting (MFCA) and this cost...

Accounting
Q

On January 1, 209, Pirate Corporation acquired 80 percent of Sea-Gull Company's common stock for...

Accounting
Q

Palmgren Company produces consumer products. The sales budget for four months of the year is...

Accounting
Q

In 2014, Jerry acquired an interest in a partnership in which he is not a...

Accounting
Q

Score: 0 of 1 pt ofer HW Score: 17 91% 161 of pts Problem 14-6...

Finance
Q

In March 2019, Denise purchased 2,000 shares at $24.50/share in the company called Vaccine Inc....

Finance