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...

50.1K

Verified Solution

Question

Accounting

image
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. Twelve thousand four hundred pounds of material were purchased at a cost of $2.90 per pound. b. The company produced only 1,240 units, using 11,160 pounds of material. (The rest of the material purchased remained in raw materials inventory) c. 596 hours of direct labor time were recorded at a total labor cost of \$7,152. Required: Compute the materials price and quantity variances for the month. (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.)

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

An equation is shown 2z 5 3 0 What values of x make the equation...

Geometry
Q

Derive the probability distribution of the 1-year HPR on a 30-year U.S. Treasury bond with an...

Finance
Q

A continuous signal contains the following two components: x1(t) = 3 cos 20Ï€t x2(t) = 3 cos...

Electrical Engineering
Q

Enolase is an enzyme that catalyzes one reaction in glycolysis in all organisms that carry...

Biology
Q

A uniform wire of length 1 800 m and cross sectional area S 1 0...

Physics
Q

An electron fired as a straight line from point A, located at 30?m from the...

Geometry
Q

the Event A A head on each of the first two tosses Event B Exactly...

Basic Math
Q

Solve for A.BA+ C = DA=(C-D)/BA (D-C)/BA D-B-C

Basic Math
Q

Gilpatric Corporation produces and sells two products. In the most recent month, Product Q71M had...

Accounting
Q

The below information is from the company AstraZeneca Return on Equity = 0.0029 Return on...

Accounting
Q

Southwest Corporation issued bonds with the following details: ES race value $900,000 Interest: 9.5 percent...

Accounting
Q

A vehicle purchased on March 1st, 2017 for $ 100,000 with a residual value of...

Accounting