Sales volumeSales priceUnit VCInput price forDL$2 unfavorableBudgeted100 units$50 per unitO $440 favorable$30 per unit$440 unfavorable$10 perhour1.5 hoursper unitInput quantityper unit for DLCompute input price variance for DL$330 unfavorableActual110 units$55 perunit$33 perunit$12 perhour2 hours perunit

Input price variance for DL measures the variance in the actual rate of direct labor versus the…

Sales volume Sales price Unit VC Input price for DL Input quantity per unit for DL 100 units $50 per unit $440 favorable $30 per unit O $2 unfavorable O $440 unfavorable $10 per hour 1.5 hours per unit O $330 unfavorable 110 units $55 per unit $33 per unit Compute input price variance for DL $12 per hour 2 hours per unit

Sales volume Sales price Unit VC Input price for DL Input quantity per unit for DL 100 units $50 per unit $440 favorable $30 per unit O $2 unfavorable O $440 unfavorable $10 per hour 1.5 hours per unit O $330 unfavorable 110 units $55 per unit $33 per unit Compute input price variance for DL $12 per hour 2 hours per unit

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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