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Category > Accounting Posted 20 Dec 2017 My Price 10.00

standards for one unit of product:

.....

Pardoe, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product:

 

  Standard Quantity Standard Price or Rate Standard Cost
  Direct materials 2.5 pounds $6.50 per pound $16.25
  Direct labor 0.6 hours $20 per hour $12.0
  Variable manufacturing overhead 0.6 hours $4.75 per hour $2.85


 

During March, the following activity was recorded by the company:
 
• The company produced 5,800 units during the month.
• A total of 18,500 pounds of material were purchased at a cost of $51,800.

• There was no beginning inventory of materials on hand to start the month; at the end of the month, 

   3,700 pounds of material remained in the warehouse.
• During March, 3,680 direct labor-hours were worked at a rate of $20.50 per hour.
• Variable manufacturing overhead costs during March totaled $10,688.
 
The direct materials purchases variance is computed when the materials are purchased.
 

The materials quantity variance for March is?

 

 

breakdown of calculation please provide

?

Answers

CourseLover
(12)
Status NEW Posted 20 Dec 2017 02:12 PM My Price 10.00

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