Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Jul 2017 My Price 9.00

Mayhem Manufacturing

Mayhem Manufacturing provides the following standard cost data for one of its products:
Direct materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 feet at $3.15 per foot
Direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 hours at $12.55 per hour
During the month of February, the following actual cost data were accumulated:
Materials purchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125,000 feet at $3.00 per foot
Materials used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122,000 feet
Direct labor incurred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,000 hours at a total cost of $215,560
Units produced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000 units
Required:
Compute the following variances:
1. Materials price variance (this variance is computed at the time of purchase)
2. Materials quantity variance
3. Labor rate variance
4. Labor efficiency variance

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Jul 2017 11:07 AM My Price 9.00

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