Landram Corporation makes a product with the following standard costs: in March

Question

Landram Corporation makes a product with the following standard costs: in March the company produced 4.500 units using 10.260 kilos of the direct material and 2.240 direct aoor-hours During the month, the company purchased 10.830 kilos of the direct material at a cost of $76.710 Tne actual direct labor cost was $38,236 and the actual variable overhead cost was $11,937 The company applies variable overhead on the basis of direct labor-hours The direct materials purchases variance is computed when the materials are purchased The matenais price variance for Marcn is: $900 U $760U S760 F $900F

Explanation / Answer

= Actual Cost - Standard Cost of Actual Quantity -

76,710 - 10,8330 * 7 = 76,710 - 75810 = $900 Favourable

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