The following information has been gathered from KLP. cormany's static budget for the most recent months. • Direct materials per unit of product 5 pounds *$1.50per pound. • Direct labour per unit of product 45 hour*$20 per hour. Variable manufacturing overhead $15 per direct labour hour The actual activity of the most recent month: 10,000 pounds direct material purchased at cost $17,000. 9,504 pounds of direct material used to produce 1728 Units of product. • 864 total direct labour hours were used and total payment was $18,144 Variable manufacturing overhead costs $13,824.

The following information has been gathered from KLP. cormany's static budget for the most recent months. • Direct materials per unit of product 5 pounds $1.50per pound. • Direct labour per unit of product 45 hour$20 per hour. Variable manufacturing overhead $15 per direct labour hour The actual activity of the most recent month: 10,000 pounds direct material purchased at cost $17,000. 9,504 pounds of direct material used to produce 1728 Units of product. • 864 total direct labour hours were used and total payment was $18,144 Variable manufacturing overhead costs $13,824.

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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direct materials mix variance for this problem
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