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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
how do I figure out the material cost. On the x spread sheet this answer is incorrectfor (f).
| Actual cost to produce one travel bag in November. | Â | Â | Â | Â | |||
| Â | Labor rate variance=(Standard rate-Actual rate)*Actual hours | Â | Â | Â | |||
| Â | Labor rate variance=($17-Actual rate)*Actual hours | Â | Â | Â | Â | ||
| Â | $1,464=(17-Actual rate)* 9,760 | Â | Â | Â | Â | Â | |
| Â | Actual rate | $ 16.85 | Â | Â | Â | Â | Â |
| Â | Â | Â | Â | Â | Â | Â | Â |
| Â | Actual cost to produce one travel bag in November. | Â | Â | Â | Â | Â | |
| Â | Direct material | $ 3.03 | Â | Â | Â | Â | Â |
| Â | Direct labor | $ 34.26 | Â | Â | Â | Â | Â |
| Â | Prime cost= Direct material + Direct labor | $ 37.29 | |||||
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