Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below:
Standard Quantity or Hours Standard Price Standard Cost
or Rate
Direct materials 5.7 pounds $ 2.50 per pound $ 14.25
Direct labor 0.5 hours $ 7.50 per hour $ 3.75
During the most recent month, the following activity was recorded:
a. Eleven thousand pounds of material were purchased at a cost of $2.40 per pound.
b. The company produced only 1,100 units, using 9,900 pounds of material. (The rest of the material purchased remained in raw materials inventory.)
c. Six hundred and fifty hours of direct labor time were recorded at a total labor cost of $7,800.
Required:
Compute the materials price and quantity variances for the month.
Answers: 2
Business, 21.06.2019 15:00, jadejordan8888
When consumers discard their gasoline-powered automobiles for electric-powered ones, this partially reflects the of gasoline?
Answers: 1
Business, 22.06.2019 14:30, crystalryan3797
What’s the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4,750 $5,000 $5,250 $5,513 $5,788what is the present value of the following cash flow stream at a rate of 8.0%, rounded to the nearest dollar? cash flows: today (t = 0) it is $750, after one year (t = 1) it is $2,450, at t = 2 it is $3,175, and at t=3 it is $4,400. draw a time line. $7,917 $8,333 $8,772 $9,233 $9,695
Answers: 2
Business, 22.06.2019 17:30, harshakayla02
According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%
Answers: 1
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct...
Business, 31.07.2019 15:30
History, 31.07.2019 15:30
Social Studies, 31.07.2019 15:30
Biology, 31.07.2019 15:30
Social Studies, 31.07.2019 15:30
Social Studies, 31.07.2019 15:30
History, 31.07.2019 15:30