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Category > Business & Finance Posted 28 May 2017 My Price 5.00

At the beginning of August, Havasu Printers Company budgeted 30,000 books to be

At the beginning of August, Havasu Printers Company budgeted 30,000 books to be printed in August at standard direct materials and direct labor costs as follows:

The standard materials price is $0.40 per pound. The standard direct labor rate is $12 per hour. At the end of August, the actual direct materials and direct labor costs were as follows:

There were no direct materials price or direct labor rate variances for August. In addition, assume no changes in the direct materials inventory balances in  August. Havasu Printers Company actually produced 24,500 units during August.

Determine the direct materials quantity, direct labor time variances, and the total variance.

 

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Alpha Geek
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Status NEW Posted 28 May 2017 07:05 AM My Price 5.00

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file 1495956562-2099482_1_636314594454679830_Answer.docx preview (79 words )
A-----------. -----------Dir-----------ect----------- ma-----------ter-----------ial----------- qu-----------ant-----------ity----------- va-----------ria-----------nce----------- = -----------(St-----------and-----------ard----------- Qu-----------ant-----------ity----------- â€-----------“ A-----------ctu-----------al -----------Qua-----------nti-----------ty)----------- x -----------sta-----------nda-----------rd -----------pri-----------ce ----------- ----------- = -----------(30-----------,00-----------0 â-----------€“ -----------24,-----------500-----------) x----------- 0.-----------4 ----------- =----------- 2,-----------200----------- B-----------. -----------Dir-----------ect----------- la-----------bor----------- ti-----------me -----------var-----------ian-----------ce ----------- ----------- ----------- ----------- -----------= (-----------Sta-----------nda-----------rd -----------rat-----------e â-----------€“ -----------Act-----------ual----------- ra-----------te)----------- x -----------Act-----------ual----------- ho-----------urs----------- ----------- =----------- (1-----------2 â-----------€“ -----------10)----------- x -----------600-----------0 ----------- =----------- 12-----------,00-----------0 -----------C. ----------- To-----------tal----------- va-----------ria-----------nce----------- -----------= S-----------tan-----------dar-----------d c-----------ost-----------s â-----------€“ -----------Act-----------ual----------- co-----------sts----------- ----------- =----------- 87-----------,00-----------0 â-----------€“ -----------73,-----------320----------- ----------- -----------= 1-----------3,6-----------80 ----------- -----------
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