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Granger Manufacturing's unadjusted COGS for 20X3 was $108,000. They had an $11,000 unfavorable direct labor efficiency variance, a $5,000 favorable direct labor rate variance, a $6,000 unfavorable direct materials purchase price variance, and an $8,000 unfavorable direct materials usage variance. They did not have any overhead variances. What was Granger Manufacturing's adjusted COGS amount for 20X3?

Granger Manufacturing's unadjusted COGS for 20X3 was $108,000. They had an $11,000 unfavorable direct labor efficiency variance, a $5,000 favorable direct labor rate variance, a $6,000 unfavorable direct materials purchase price variance, and an $8,000 unfavorable direct materials usage variance. They did not have any overhead variances. What was Granger Manufacturing's adjusted COGS amount for 20X3?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 13PA: Recompute the variances from the second Acme Inc. exercise using $0.0725 as the standard cost of the...
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What was Granger manufacturing's adjusted COGS amount for 20X3?

Granger Manufacturing's unadjusted COGS for 20X3 was $108,000. They had an $11,000 unfavorable direct labor efficiency variance, a $5,000 favorable direct labor rate variance, a $6,000 unfavorable direct materials purchase price variance, and an $8,000 unfavorable direct materials usage variance. They did not have any overhead variances. What was Granger Manufacturing's adjusted COGS amount for 20X3?
Transcribed Image Text:Granger Manufacturing's unadjusted COGS for 20X3 was $108,000. They had an $11,000 unfavorable direct labor efficiency variance, a $5,000 favorable direct labor rate variance, a $6,000 unfavorable direct materials purchase price variance, and an $8,000 unfavorable direct materials usage variance. They did not have any overhead variances. What was Granger Manufacturing's adjusted COGS amount for 20X3?
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