Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 05 Aug 2017 My Price 4.00

Labor rate variance

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.        
  Labor rate variance=(Standard rate-Actual rate)*Actual hours      
  Labor rate variance=($17-Actual rate)*Actual hours        
  $1,464=(17-Actual rate)* 9,760          
  Actual rate $ 16.85          
               
  Actual cost to produce one travel bag in November.          
  Direct material $ 3.03          
  Direct labor $ 34.26          
  Prime cost= Direct material + Direct labor $ 37.29

 

Answers

Maurice Tutor
(5)
Status NEW Posted 05 Aug 2017 09:08 PM My Price 4.00

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