Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 9.00

Stringer Company

The following data is given for the Stringer Company:

Budgeted production 1,093 units
Actual production   930 units
Materials:  
    Standard price per ounce $1.76
    Standard pounds per completed unit 11
     Actual pounds purchased and used in production 9,923
    Actual cost of materials $20,342
Labor:  
    Standard hourly labor rate $15.00 per hour
    Standard hours allowed per completed unit 4.0
     Actual labor hours worked 4,789.5
    Actual total labor costs $73,040
Overhead:  
    Actual and budgeted fixed overhead $1,115,114
    Standard variable overhead rate $25.00 per standard labor hour
     Actual variable overhead costs $134,106
Overhead is applied on standard labor hours.

Determine the direct material price variance. Round your answer to nearest whole number

Select the correct answer.

  $2,337 F  
  $41,106 U  
  $2,878 U  
  $540 F
 

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 07:08 PM My Price 9.00

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