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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Question 5: Rompola Corporation manufactures futons with the following standard costs per unit: Direct materials 80 yards @ $2.00 per yard Direct labor 20 hours @ $20.00 per hour The actual results for the year were as follows: Direct materials 120,000 yards purchased at a cost of $264,000; 118,000 yards used Direct labor 32,000 hours worked at a total cost of $604,800 Production 1,500 units Compute the following variances: 1. Direct materials price variance 2. Direct materials usage variance 3. Direct materials inventory variance 4. Direct labor price variance 5. Direct labor usage variance
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