Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 7.00

stringer Company

The following data is given for the stringer Company:

Budgeted production 1,035 units
Actual production 916 units
Materials:  
Standard price per ounce $1.83
Standard ounces per completed unit 10
Actual ounces purchased and used in production 8,885
Actual price paid for materials $18,214
Labor:  
Standard hourly labor rate $15.00 per hour
Standard hours allowed per completed unit 4.0
Actual labor hours worked 4,717.4
Actual total labor costs $71,940
Overhead:  
Actual and budgeted fixed overhead $1,107,696
Standard variable overhead rate $26.00 per standard labor hour
Actual variable overhead costs $132,087
Overhead is applied on standard labor hours.

Determine the direct material quantity variance.

Select the correct answer.

a. 1,954 F  
b. 1,954 U  
c. 503 F  
d. 503 U  

 

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 06:08 PM My Price 7.00

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