Use the following information to complete variance analysis for Maple Co. Budgeted Units 40,000 Budgeted Selling Price $55 Budgeted Direct Labor (3 hours @ $13/hour $39 per unit Actual Direct Labor Hours 120,000 Actual Cost of Direct Labor $1,530,000 Actual Selling Price $50 Budgeted Direct Materials (4 lbs @ $3/lb) $12 per unit Actual Direct Materials Used 189,000 Actual Units 42,000 units Actual Cost of Direct Materials Used $491,400 What is the Direct Labor Price Variance? Please enter your answer as a positive number. You will not be able to answer whether the variance is favorable or unfavorable. Just including the numeric answer is complete for this question. nswered Answers 30,000 (with margin: 0)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the following information to complete variance analysis for Maple Co.
Budgeted Units
40,000
Budgeted Selling Price
$55
Budgeted Direct Labor (3 hours @ $13/hour $39 per unit
Actual Direct Labor Hours
120,000
Actual Cost of Direct Labor
$1,530,000
Actual Selling Price
$50
Budgeted Direct Materials (4 Ibs @ $3/lb)
$12 per unit
Actual Direct Materials Used
189,000
Actual Units
42,000 units
Actual Cost of Direct Materials Used
$491,400
What is the Direct Labor Price Variance? Please enter your answer as a positive number. You will not be able to answer
whether the variance is favorable or unfavorable. Just including the numeric answer is complete for this question.
You Answered
Correct Answers
30,000 (with margin: 0)
Transcribed Image Text:Use the following information to complete variance analysis for Maple Co. Budgeted Units 40,000 Budgeted Selling Price $55 Budgeted Direct Labor (3 hours @ $13/hour $39 per unit Actual Direct Labor Hours 120,000 Actual Cost of Direct Labor $1,530,000 Actual Selling Price $50 Budgeted Direct Materials (4 Ibs @ $3/lb) $12 per unit Actual Direct Materials Used 189,000 Actual Units 42,000 units Actual Cost of Direct Materials Used $491,400 What is the Direct Labor Price Variance? Please enter your answer as a positive number. You will not be able to answer whether the variance is favorable or unfavorable. Just including the numeric answer is complete for this question. You Answered Correct Answers 30,000 (with margin: 0)
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