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Author Question: The following data for the Panoid Garden Supplies Company pertains to the production of 2,000 garden ... (Read 75 times)

nmorano1

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The following data for the Panoid Garden Supplies Company pertains to the production of 2,000 garden spades during March. The spade consists of a wooden handle and a metal forged tool that comes in contact with the ground.

 Direct Materials (all materials purchased were used): 

 Standard cost: $1.00 per handle and $3.00 per metal tool.
 Total actual cost: $9,000.
 Materials flexible-budget efficiency variance was $500 unfavorable. 

 Direct Manufacturing Labor: 

 Standard cost is 5 garden spades per hour at $20.00 per hour.
 Actual cost per hour was $21.00.
 Labor efficiency variance was $500 favorable. 

Required: 
a.What is the standard direct material amount per garden spade?
b.What is the standard cost allowed for all units produced?
c.What is the total direct materials flexible-budget variance?
d.What is the direct material flexible-budget price variance?
e.What is the total actual cost of direct manufacturing labor?
f.What is the labor price variance for direct manufacturing labor? 


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Marked as best answer by nmorano1 on Mar 6, 2021

shewald78

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nmorano1

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


elyse44

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Reply 3 on: Yesterday
Wow, this really help

 

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