Business, 15.01.2020 03:31 ShiannBerry

Cost standards for one unit of product no. c77:
direct material 3 pounds at $2.80 per pound $8.40
direct labor 6 hours at $7.40 per hour 44.40
actual results:
units produced 6,600 units
direct material purchased 26,200 pounds at $3.00 $78,600
direct material used 19,500 pounds at $3.00 58,500
direct labor 40,700 hours at $7.20 293,040
assume that the company computes variances at the earliest point in time. the direct-material quantity variance is:

$840f.

$840u.

$17,920u.

$17,920f.

none of these.

Answers: 1

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Cost standards for one unit of product no. c77:
direct material 3 pounds at $2.80 per pound...

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