ariance Analysis llen Francis Doyle, LLC is a small manufacturer of Monster Candy, a gummy candy haped as monsters. The following information pertains to November's production. Material: 2.3 ounces per unit @ $0.4 per ounce abor: 2 hours per unit @ $13.5 per hour /ariable OH: 2 hours per unit @ $3 per hour Fixed OH: 2 hours per unit @ $0.85 per hour* based on budgeted production of 2,700 units Actuals Production: 3,000 units produced during the month Material: 7,200 ounces purchased and used @ $0.385 per ounce abor: 6,450 direct labor hours @ $13.6 per hour lariable OH: $18,060 Fixed OH: $5,676 REQUIRED Determine the following: .. Material price variance . Material usage (quantity) variance E. Labor rate variance

ariance Analysis llen Francis Doyle, LLC is a small manufacturer of Monster Candy, a gummy candy haped as monsters. The following information pertains to November's production. Material: 2.3 ounces per unit @ $0.4 per ounce abor: 2 hours per unit @ $13.5 per hour /ariable OH: 2 hours per unit @ $3 per hour Fixed OH: 2 hours per unit @ $0.85 per hour* based on budgeted production of 2,700 units Actuals Production: 3,000 units produced during the month Material: 7,200 ounces purchased and used @ $0.385 per ounce abor: 6,450 direct labor hours @ $13.6 per hour lariable OH: $18,060 Fixed OH: $5,676 REQUIRED Determine the following: .. Material price variance . Material usage (quantity) variance E. Labor rate variance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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