The Excelsior Electrical Company of Mountain Side has the following standards for component B13: Standards: Material 2 units of material B Material price $10 per unit of B Direct labour 1 hour Wage rate $10 per direct labour hour Variable overhead absorption rate $25 per direct labour hour Actual results for May: Used 4,200 units of B, purchased at $9.75 per unit of B Paid for 2,000 direct labour hours at $11 per hour Incurred $48,000 variable overhead cost Manufactured 2,000 units of component B13 Required Calculate the following variances for May: Total direct material cost variance Direct material price variance Direct material usage variance

The Excelsior Electrical Company of Mountain Side has the following standards for component B13: Standards: Material 2 units of material B Material price $10 per unit of B Direct labour 1 hour Wage rate $10 per direct labour hour Variable overhead absorption rate $25 per direct labour hour Actual results for May: Used 4,200 units of B, purchased at $9.75 per unit of B Paid for 2,000 direct labour hours at $11 per hour Incurred $48,000 variable overhead cost Manufactured 2,000 units of component B13 Required Calculate the following variances for May: Total direct material cost variance Direct material price variance Direct material usage variance

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Description: Please help me fast I will give upvote The Excelsior Electrical Company ofMountain Side has the following standardsfor component B13: Standards: Material 2units of material B Material price $10 perunit of B Direct labour 1 hour Wage rate$10 per direc

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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