Price per Quantity Standard per unit quantity Direct Material (wood pulp) 1.5 lbs $0.50 $0.75 Direct labor 0.5 LH $18.00 $9.00 Variable manufacturing overhead** 2 MH* $1.00 $2.00 Total cost per unit *LH labor hours; MH = machine hours **variable overhead is applied based on machine hours Actual manufacturing data Actual production 6,000 units $11.75 8,900 lbs of material costing $4,895 was purchased and used 3,200 direct labor hours were worked for a total cost of $57,920 11,800 machine hours were logged and total variable overhead was $14,750 What is the total direct labor variance? $52,520U $3,920F $52,520F $3,920U

Price per Quantity Standard per unit quantity Direct Material (wood pulp) 1.5 lbs $0.50 $0.75 Direct labor 0.5 LH $18.00 $9.00 Variable manufacturing overhead** 2 MH* $1.00 $2.00 Total cost per unit *LH labor hours; MH = machine hours **variable overhead is applied based on machine hours Actual manufacturing data Actual production 6,000 units $11.75 8,900 lbs of material costing $4,895 was purchased and used 3,200 direct labor hours were worked for a total cost of $57,920 11,800 machine hours were logged and total variable overhead was $14,750 What is the total direct labor variance? $52,520U $3,920F $52,520F $3,920U

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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