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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Given the following information: Variable overhead costs incurred $20,570 Material purchased and used 2,900 pounds Direct labor costs incurred $24,500 Direct labor hours incurred 2,450 hours Finished units produced 500 units Actual material cost $37 per pound Standard direct labor cost $9 per hour Standard material cost $40 per pound Standard variable overhead $8 per hour Standard pounds of material in a finished unit 6 pounds Standard direct labor hours per finished unit 5 hours A) Compute the price and quantity variances for direct materials. B) Compute the price and quantity variances for direct labor.
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