60.1K

Verified Solution

Link Copied!

Puvo, Inc., manufactures The company uses a standard cost system and has established the following standards for one unit of product a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours Standard Price or Standar Standard Quantity S.8 pounds 0.5 hours 0.5 hours Rate Cost Direct materials Direct labor Variable manufacturing overhead e.60 per pound 3.48 $33.50 per hour $16.75 s 8.50 per hour 4.25 During March, the following activity was recorded by the company . The company produced 2.400 units during the month A total of 19,400 pounds of material were purchased at a cost of $13,580 There was no beginning the warehouse inventory of materials on hand to start the month, at the end of the month, 3620 pounds of material remained in . During March. 1090 direct labor-hours were worked at a rate of $30 50 per hour Variable manufacturing overhead costs during March totaled $14.061 . de The direct materials purchases variance is computed when the materials are purchased Puvo, Inc., manufactures The company uses a standard cost system and has established the following standards for one unit of product a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours Standard Price or Standar Standard Quantity S.8 pounds 0.5 hours 0.5 hours Rate Cost Direct materials Direct labor Variable manufacturing overhead e.60 per pound 3.48 $33.50 per hour $16.75 s 8.50 per hour 4.25 During March, the following activity was recorded by the company . The company produced 2.400 units during the month A total of 19,400 pounds of material were purchased at a cost of $13,580 There was no beginning the warehouse inventory of materials on hand to start the month, at the end of the month, 3620 pounds of material remained in . During March. 1090 direct labor-hours were worked at a rate of $30 50 per hour Variable manufacturing overhead costs during March totaled $14.061 . de The direct materials purchases variance is computed when the materials are purchased

Answer & Explanation Solved by verified expert

See Answer