The following materials standards have been established for…
The following materials standards have been established for a particular product:Standard quantity per unit of output 5.3 metersStandard price $17.20 per meterThe following data pertain to operations concerning the product for the last month:Actual materials purchased 8,100 metersActual cost of materials purchased $141,345Actual materials used in production 7,600 metersActual output 1,400 unitsWhat is the materials price variance for the month?
Read DetailsAmirault Manufacturing Corporation has a standard cost syste…
Amirault Manufacturing Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $4.00 per MH. During the month, the actual total variable manufacturing overhead was $18,040 and the actual level of activity for the period was 4,100 MHs. What was the variable overhead rate variance for the month?
Read Details