Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. huron company produces a commercial cleaning compo

Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct...

60.1K

Verified Solution

Question

Accounting

Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one
unit of Zoom are given below:
During the most recent month, the following activity was recorded:
a.9,300.00 pounds of material were purchased at a cost of $2.20 per pound.
b. All of the material purchased was used to produce 1,000 units of Zoom.
c.200 hours of direct labor time were recorded at a total labor cost of $1,400.
Required:
Compute the materials price and quantity variances for the month.
Compute the labor rate and efficiency variances for the month.
(For all requirements, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no
effect (i.e., zero variance). Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollar.)
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

Discuss the impact on a family when a middle generation parent is caring for a child...

Psychology
Q

Consider the market for single bedroom rental apartments in Hobart in 2019 with an upward sloping...

Economics
Q

51 Two slits in Young s experiment have widths in the ratio 1 25 The...

Physics
Q

A patient receives an injection of 1.9 milligrams of a drug, and the amount remaining...

Basic Math
Q

Consider the function f x 4x 7x 2 a Find the average rate of change...

Calculus
Q

2 Solve for 0 where 0 0 360 in the following equations Round to the...

Algebra
Q

Lavage Rapide is a Canadian company that owns and operates a large automatic...

Accounting
Q

TP2. 11.2 Speedy delivery service recently hired a new accountant who discovered that the prior...

Accounting
Q

LAG Network Inc.'s balance sheet and income statement are as follows: Additional information regarding LAG...

Accounting
Q

Killer Hogs, Inc. produces instructional barbecue videos and markets a complete line of barbecue sauces...

Accounting
Q

In May 2008, Jasper Mason died, survived by his spouse Amber Mason and four adult...

Accounting
Q

MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The following table shows the average returns for...

Finance