InClassCh9.pdf

InClassCh9.pdf - Managerial In Class Chapter l 9 Lido...

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Managerial In Class Chapter 9 l. Lido Company's standard and actual costs per unit for the most recent period, during which 500 units were actually produced, are given below: tililiil* 2reetat$r 5'perroot. Tff 'a^ctuar Actual: 1.9 feet at $1.60 per foot. .......... -..... - $ 3.04 Direot labor: Standard: 1.5 hours at $6.00 per hour. .......... 9.00 Aotual: 1.7 hours at $6.30 perhour 10.71 Variable manufaoturing overhead: Standard: 1.5 hours at $3.40 per hour. .......... 5.10 Aotual: 1.7 hours at $3.00 perhorrr Total unitcost $17.10 S18.85 All of the material purchased during the period was used in production during the period. Required: From the foregoing information, compute the following variances. Indicate whether the variance favorable (F) or unfavorable (U): -r,i\ \rL\ "' a. Material price variance. lO(hp'-st\ b. Material quantity variance.st (5q-s\) c. Direct labor rate variance. \\(t,t-sg) d. Direct labor efhclgncy variance. .+[rtr
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This note was uploaded on 09/08/2010 for the course BUS 21 at San Jose State.

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InClassCh9.pdf - Managerial In Class Chapter l 9 Lido...

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