Fill all the blanks Fill in the blanks:Direct MaterialDirect Laborper hourE hrs. per unitStandard price or rate per unit of input$15 per IbStandard quantity per unit of outputAIbs per unitIbs per unit$13 per Ib3.75 hoursActual quantity used per unit of outputActual price or rate per unit of inputActual outputB$21 per hour21,000 units21,000 units$125,000Direct-material price varianceDirect material quantity varianceTotal of direct material variances$A0,500Direct labor rate varianceDirect labor efficiency variance$210,000Total of direct labor variances$125,000Required: Refer to the Google Forms questions

Name: Fill all the blanks Fill in the blanks:Direct MaterialDirect Laborper
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Fill all the blanks Fill in the blanks:Direct MaterialDirect Laborper hourE hrs. per unitStandard price or rate per unit of input$15 per IbStandard quantity per unit of outputAIbs per unitIbs per unit$13 per Ib3.75 hoursActual quantity used per unit

1. Direct material price variance = ( Standard rate - Actual rate ) x Actual quantity of material…

Business

Accounting

Direct Material Direct Labor $15 per lb Standard price or rate per unit of input Standard quantity per unit of output Actual quantity used per unit of output Actual price or rate per unit of input D per hour Ibs per unit E hrs. per unit A BIbs per unit 3.75 hours $13 per Ib $21 per hour Actual output 21,000 units 21,000 units Direct-material price variance $125,000 Direct material quantity variance Total of direct material variances $A0,500 Direct labor rate variance Direct labor efficiency variance $210,000 Total of direct labor variances $125,000

Direct Material Direct Labor $15 per lb Standard price or rate per unit of input Standard quantity per unit of output Actual quantity used per unit of output Actual price or rate per unit of input D per hour Ibs per unit E hrs. per unit A BIbs per unit 3.75 hours $13 per Ib $21 per hour Actual output 21,000 units 21,000 units Direct-material price variance $125,000 Direct material quantity variance Total of direct material variances $A0,500 Direct labor rate variance Direct labor efficiency variance $210,000 Total of direct labor variances $125,000

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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