Explore our Solution Library

Number of Views - 810 81

university of california Operations And Supply Chain Management Assignment Help - The standard costs and actual costs

Question - The standard costs and actual costs for direct materials, direct labor, and factory overhead for the manufacture of 2,500 units of product are as follows: Standard Costs Direct materials 2,500 kilograms @ $8 Direct labor 7,500 hours @ $12 Actual Costs Direct materials 2,600 kilograms @ $8.75 Direct labor 7,400 hours @ $11.40 Factory overhead (100% capacity Af?cAc‚¬" 10,000 hrs.): Variable cost @ $2 per hour Total variable cost, $18,000 Fixed cost @ $0.80 per hour Total fixed cost, $8,000 The following data relate to direct materials costs for November: Actual costs 4,500 pounds at $6.00 Standard costs 4,600 pounds at $5.50 What is the direct materials price variance? a. $2,250 favorable b. $2,250 unfav ...Read More

Solution Preview - No Solution Preview Available

Found What You Need?

Scroll down to find more if you need to find our more features