Please do not give solution in image format thanku 10. Istanbul company, developed standard costs for directmaterial and direct labor. In 2021, Ahmet estimated thefollowing standard costs for one their major products.Budgeted quantity Budgeted priceDirect materials 0.40 poundsDirect labor 0.50 hours$50 per pound$11 per poundDuring June, Istanbul produced and sold 4,000 products using1,750 pounds of direct materials at an average cost pound of $48and 2,090 direct manufacturing labor hours at an average wageof $11.30 per hour.The direct material manufacturing labor efficiency varianceduring June isA. $627.00 favorableB. $1,617.00 favorableC. $990.00 unfavorableD. $900.00 unfavorable

Labor efficiency variance= (Standard hours - Actual hours) * standard rate

10. Istanbul company, developed standard costs for direct material and direct labor. In 2021, Ahmet estimated the following standard costs for one their major products. Budgeted quantity Budgeted price $50 per pound $11 per pound Direct materials 0.40 pounds Direct labor 0.50 hours During June, Istanbul produced and sold 4,000 products using 1,750 pounds of direct materials at an average cost pound of $48 and 2,090 direct manufacturing labor hours at an average wage of $11.30 per hour. The direct material manufacturing labor efficiency variance during June is A. $627.00 favorable B. $1,617.00 favorable C. $990.00 unfavorable D. $900.00 unfavorable

10. Istanbul company, developed standard costs for direct material and direct labor. In 2021, Ahmet estimated the following standard costs for one their major products. Budgeted quantity Budgeted price $50 per pound $11 per pound Direct materials 0.40 pounds Direct labor 0.50 hours During June, Istanbul produced and sold 4,000 products using 1,750 pounds of direct materials at an average cost pound of $48 and 2,090 direct manufacturing labor hours at an average wage of $11.30 per hour. The direct material manufacturing labor efficiency variance during June is A. $627.00 favorable B. $1,617.00 favorable C. $990.00 unfavorable D. $900.00 unfavorable

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter23: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 4CMA: JoyT Company manufactures Maxi Dolls for sale in toy stores. In planning for this year, JoyT...

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