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 27 Sep 2017 My Price 6.00

Laurel Manufacturing Company

The direct materials and direct labor data shown below pertain to the operations of Laurel Manufacturing Company for the month of August.

 

Costs
Actual labor rate   $13 per hour
Actual materials price   $132 per ton
Standard labor rate   $12 per hour
Standard materials price   $136 per ton

 

Quantities
Actual hours incurred and used   4,605 hours
Actual quantity of materials purchased and used   1,143 tons
Standard hours used   4,700 hours
Standard quantity of materials used   1,122 tons


(a) Compute the total, price, and quantity variances for materials and labor

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Sep 2017 08:09 PM My Price 6.00

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