In June Lindros produced 4,400 hockey pucks using 10,200 kilos of the direct mat

ID: 2398643 • Letter: I

Question

In June Lindros produced 4,400 hockey pucks using 10,200 kilos of the direct material and 2,180 direct labor-hours. During the month, Lindros purchased 10,770 kilos of the direct material at a cost of $76,650. The actual direct labor cost reported by Lindros was $38,248 and the actual variable overhead cost was $11,949.

The materials price variance for June is: (Do not round intermediate calculations.)

Multiple Choice

$1,120 U

$1,120 F

$1,260 F

$1,260 U

Lindros Corporation makes hockey pucks, Following are the standard costs for producing the hockey pucks:

Explanation / Answer

Material price variance = (Standard price-actual price)actual quantity

= (7*10770-76650)

Material price variance = 1260 U

So answer is d) $1260 U

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In June Lindros produced 4,400 hockey pucks using 10,200 kilos of the direct mat

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Explanation / Answer

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