The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
University
| Teaching Since: | Apr 2017 |
| Last Sign in: | 441 Weeks Ago, 4 Days Ago |
| Questions Answered: | 9562 |
| Tutorials Posted: | 9559 |
bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
Dock Guard, which uses a standard cost accounting system, manufactured 200,000 boat fenders during the year, using 1,450,000 feet of extruded vinyl purchased at $1.05 per foot. Production required 4,500 direct labor hours that cost $14.00 per hour. The materials standard was 7 feet of vinyl per fender, at a standard cost of $1.10 per foot. The labor standard was 0.025 direct labor hour per fender, at a standard cost of $13.00 per hour. Compute the price and efficiency variances for direct materials and direct labor. Does the pattern of variances suggest Dock Guard’s managers have been making tradeoffs? Explain
-----------