2.99 See Answer

Question: Refer to the data in Exercise 10–

Refer to the data in Exercise 10–6. Assume that instead of producing 4,000 units during the month, the company produced only 3,000 units, using 14,750 pounds of material. (The rest of the material purchased remained in raw materials inventory.) Data given in Exercise 10-6: 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:
Refer to the data in Exercise 10–6. Assume that instead of producing 4,000 units during the month, the company produced only 3,000 units, using 14,750 pounds of material. (The rest of the material purchased remained in raw materials inventory.)

Data given in Exercise 10-6:
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:


Required:
Compute the materials price and quantity variances for the month.

Required: Compute the materials price and quantity variances for the month.





Transcribed Image Text:

Standard Quantity or Hours Standard Price Standard or Rate Cost $2.50 per pound $18.00 per hour $11.50 $3.60 Direct materials 4.6 pounds Direct labor,. 0.2 hours



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> The Excel worksheet form that appears below is to be used to recreate the main example in the text pertaining to Colonial Pewter Company. Download the workbook containing this form from Connect, where you will also receive instructions about how to use t

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> The Excel worksheet form that appears below is to be used to recreate the Review Problem pertaining to Ferris Corporation. Download the workbook containing this form from Connect, where you will also receive instructions about how to use this worksheet f

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2.99

See Answer