Accounting6. Answer incorrect box for thumbs upCullumber's Style manufactures dining room tables for both home andrestaurant locations. Mark Donald, the company's controller,developed the following standard costs for each 5-foot table.Ms.Donald developed these standards based on the companymanufacturing 1,340 tables per month.Standard PriceStandard QuantityStandard CostDirect materials$50.00 per linear foot5.00 linear feet$250.00Direct labor18.50 per DLH12.00 DLH222.00Variable overhead16.20 per DLH12.00 DLH194.40Fixed overhead28.20 per DLH12.00 DLH338.40Total standard cost per table$1,004.80The company actually manufactured 1,240 tables during themonth.6,040 linear feet of direct materials were purchased during themonth at a total cost of $258,512.5,540 linear feet of direct materials were used to manufacturethe tables.15,540 direct labor hours were worked at a total cost of$243,720.●Actual variable overhead was $266,000.●Actual fixed overhead was $411,900.Calculate the direct material price variance for the month. (Ifvariance is zero, select "Not Applicable" and enter O for theamounts.)39888FavorableDirect material price variance

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Description: Accounting6. Answer incorrect box for thumbs upCullumber's Style manufactures dining room tables for both home andrestaurant locations. Mark Donald, the company's controller,developed the following standard costs for each 5-foot table.Ms.Donald deve

Direct material price variation (also known as direct material spending/rate variance) is the…

Answered: ark Donald, the company's controller…

Business

Accounting

ark Donald, the company's controller standard costs for each 5-foot table a standards based on the company

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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