Young Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $181 per board. This includes 20 pounds of direct materials, at the budgeted price of $2 per pound, and 10 hours of direct manufacturing labor, at the budget rate of $14.10 per hour. Following are additional data for the month of July. Units completed Direct material purchases Cost of direct material purchases Actual direct manufacturing labor hours Actual direct labor cost 5,500 units 210,000 pounds $714,000 46,000 hours $676,200 Direct materials efficiency variance $1,100 F There were no beginning inventories. Compute the actual pounds of direct materials used in production in July.

Young Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $181 per board. This includes 20 pounds of direct materials, at the budgeted price of $2 per pound, and 10 hours of direct manufacturing labor, at the budget rate of $14.10 per hour. Following are additional data for the month of July. Units completed Direct material purchases Cost of direct material purchases Actual direct manufacturing labor hours Actual direct labor cost 5,500 units 210,000 pounds $714,000 46,000 hours $676,200 Direct materials efficiency variance $1,100 F There were no beginning inventories. Compute the actual pounds of direct materials used in production in July.

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 3E: Salisbury Bottle Company manufactures plastic two-liter bottles for the beverage industry. The cost...

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