Q1// The Tryon manufacturing company manufactures the product TRYAD in standardbatches of 100 units, a standard cost system is used. the standard material and labor costs perbatch are:The standard costCost per batchRaw materials (70 lbs. @ 0.50 S per lb.)35 SDirect labor (40 hours @ 2.75 S per hour )110 SProduction for November amounted to 210 batches. The actual cost for material and laborwas:The Actual costCostRaw materials14500 lbs.7975 SDirect labor8505 hours25515 $Required: the variance analysis for labor.

1. Direct labor Variance = (standard rate x Standard hrs for actual output) - (Actual rate x Actual…

Answered: Required: the variance analysis for…

Business

Accounting

Required: the variance analysis for labor.

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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Question

Q1// The Tryon manufacturing company manufactures the product TRYAD in standard
batches of 100 units, a standard cost system is used. the standard material and labor costs per
batch are:
The standard cost
Cost per batch
Raw materials (70 lbs. @ 0.50 S per lb.)
35 S
Direct labor (40 hours @ 2.75 S per hour )
110 S
Production for November amounted to 210 batches. The actual cost for material and labor
was:
The Actual cost
Cost
Raw materials
14500 lbs.
7975 S
Direct labor
8505 hours
25515 $
Required: the variance analysis for labor.

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