assignment-takelinprogress false The following data is given for the Stringer Co

Question

assignment-takelinprogress false The following data is given for the Stringer Conspany Budgeted production ctual production Materials 946 units 1,002 units Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in $1.79 12 12,385 $25,389 Actual price paid for materials Labor: $14.91 per hour 4.3 5,160.3 $78,605 Standard hourly labor rate Standard hours allowed per completed unit ctual labor hours worked Actual total labor costs Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs $1,054,000 $28.00 per standard labor hour $144,488 Overhead is applied on standard labor hours Round your intermediate calculations and Enal answer to the nearest cent The direct materials price variance is $3,220.10 favorable $8,050.25 unfavorable $3,220.10 unfaverable $8,050.25 favorable Previous Next

Explanation / Answer

Direct material price variance = (Standard price-actual price)Actual quantity

= (1.79*12385-25389)

Direct material price variance = 3220.10 Unfavourable

so answer is c) 3220.10 Unfavourable

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.