Please do not give solution in image format The following direct materials and direct labor data pertain to the operations of Cullumber Company for the month of August.Actual labor rateActual materials priceStandard labor rateStandard materials priceCosts(a)Actual hours incurred and usedActual quantity of materials purchased and usedStandard hours usedTotal materials varianceStandard quantity of materials usedMaterials price varianceTotal labor variance$14$260Materials quantity varianceper hourper tonper hour$262 per tonCompute the total, price, and quantity variances for materials and labor.Labor price variance$13.50QuantitiesLabor quantity variance4,600 hours1,800 tons4,640 hours1,780 tons>

Lets understand the basics. Total Material Variance :— It is the difference between standard cost of…

The following direct materials and direct labor data pertain to the operations of Cullumber Company for the month of August. Costs Actual labor rate Actual materials price Standard labor rate Standard materials price $14 per hour per ton $260 $13.50 $262 per hour per ton

The following direct materials and direct labor data pertain to the operations of Cullumber Company for the month of August. Costs Actual labor rate Actual materials price Standard labor rate Standard materials price $14 per hour per ton $260 $13.50 $262 per hour per ton

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 6E: Standard direct materials cost per unit from variance data The following data relating to direct...

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