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Question

Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to

help control costs and has established the following standards for the Maze toy:

 

Direct materials: 8 microns per toy at $0.32 per micron

Direct labor: 1.5 hours per toy at $6.80 per hour

 

During July, the company produced 5,500 Maze toys. The toy's production data for the month are as follows:

 

Direct materials: 74,000 microns were purchased at a cost of $0.30 per micron. 19,000 of these microns were still in inventory at the end of the month.

The labor rate and efficiency variances.

Top Answer

Answer a) Material price variance = 1480 F Material... View the full answer

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Since the data seems to be incomplete to answer the labor variances, I'm assuming that what is asked are material (i.e.,... View the full answer

Part b : Labour rate Variance... View the full answer

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