QUESTION: Brown Company produces fine leather footballs. The standard cost for each football is: Direct material 2 feet of leather at $4.00/foot $8.00 Direct labor 1.5 hours at $12.00/hour $18.00 During February, 1,200 footballs were produced. 2,600 feet of leather were purchased at $4.25 per foot. Of this, 2,300 feet were used in production. Direct labor cost incurred was $20,930 for 1,820 hours. What is the direct material price variance?
QUESTION: Brown Company produces fine leather footballs. The standard cost for each football is: Direct material 2 feet of leather at $4.00/foot $8.00 Direct labor 1.5 hours at $12.00/hour $18.00 During February, 1,200 footballs were produced. 2,600 feet of leather were purchased at $4.25 per foot. Of this, 2,300 feet were used in production. Direct labor cost incurred was $20,930 for 1,820 hours. What is the direct material price variance?
Chapter5: Process Costing
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![QUESTION:
Brown Company produces fine leather footballs. The standard cost for each football is:
Direct material 2 feet of leather at $4.00/foot $8.00
Direct labor 1.5 hours at $12.00/hour
$18.00
During February, 1,200 footballs were produced. 2,600 feet of leather were purchased at
$4.25 per foot. Of this, 2,300 feet were used in production. Direct labor cost incurred was
$20,930 for 1,820 hours.
What is the direct material price variance?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F971af849-237c-4297-9bee-0a34ca1cba09%2Fdd4b86c8-e317-4aa0-9954-15379a1c162a%2Far9ldnj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION:
Brown Company produces fine leather footballs. The standard cost for each football is:
Direct material 2 feet of leather at $4.00/foot $8.00
Direct labor 1.5 hours at $12.00/hour
$18.00
During February, 1,200 footballs were produced. 2,600 feet of leather were purchased at
$4.25 per foot. Of this, 2,300 feet were used in production. Direct labor cost incurred was
$20,930 for 1,820 hours.
What is the direct material price variance?
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