Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the manchester corporation manufactures wooden pic

The Manchester Corporation manufactures wooden pictures frames. In order to better manage costs, the Manchester...

80.2K

Verified Solution

Question

Accounting

The Manchester Corporation manufactures wooden pictures frames. In order to better manage costs, the Manchester Corporation had previously developed the following standards for the manufacture of its product:
Each unit should have 3/4 of a pound of direct materials purchased at $12 per pound.
Each unit should be produced in 48 minutes at a direct labor cost of $16 per hour.
The company had the following detailed retails:
Actual production was 20,000 units using 14,600 pounds of direct materials at a total cost of $168,000 and required 11,000 direct labor hours at a total cost of $190,000. what is the company's price variance related to direct labor? use a postivie number to indicate a favorable variance or a negative number to indicate an unfavorable variance

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

Thirsty Cactus Corp. just paid a dividend of $1.35 per share. The dividends are expected to...

Finance
Q

Does the hypothalamus control emotions and behavior?

Medical Sciences
Q

When studying religions, scholars some times ask how far a religion is defined ideas of permanence...

Psychology
Q

Car battery The mileage of a car battery is exponentially distributed with a mean value of 10000...

Basic Math
Q

How to develop a forecast by applying the critical ratio to a distribution?

General Management
Q

If you were to remove O2 completely from the cell s atmosphere how would it...

Biology
Q

Q 26 A cylinder of radius a 0 1 m is placed as shown below...

Physics
Q

Solve the given initial value problem d x 4x 2 sin 2t 4 cos 2t...

Basic Math
Q

What is the range of the function graphed below 3543 1 y 4 D 3...

Algebra
Q

Main Question Set Review...

Accounting
Q

A review of the accounting records of Solomon Manufacturing indicated that the company incurred the...

Accounting
Q

ONE [20] Detail the impact of the following transactions on the accounting equation, by populating...

Accounting