This is a 3 part question. QUESTION 2 Bandit Manufacturing The following May inf

Question

This is a 3 part question.

QUESTION 2 Bandit Manufacturing The following May information is available for Bandit Manufacturing Company when it produced 4,500 units: Standard: Material Labor 2 pounds per unit @ $5.80 per pound 2.5 direct labor hours per unit@$10.00 per hour Actual: Material Labor 9,900 pounds purchased and used @$5.65 per pound 12,375 direct labor hours at $9.75 per hour Refer to Bandit Manufacturing. What is the material price variance? oa.$1,485 U b.$1,485 F C. $637.50 F d. $637.50 U

Explanation / Answer

1 Material price variance=9900*(5.65-5.80)= $1485 F 2 Labor efficiency variance=10*(12375-4500*2.5)= $11250 U 3 Material quantity variance=5.8*(9900-4500*2)= $5220 U

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