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Author Question: Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In ... (Read 40 times)

abc

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on: Mar 6, 2021
Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP estimated the following standard costs for one of their most popular products.

Budgeted quantityBudgeted price
Direct materials1 pounds$8.60 per pound
Direct labor0.20 hours$13.00 per hour
During September, MCP produced and sold 1,000 units using 1,400 pounds of direct materials at an average cost per pound of $8.00 and 160 direct labor hours at an average wage of $13.50 per hour.

The direct material price variance during September is ________.
◦ $840 favorable
◦ $840 unfavorable
◦ $2,600 unfavorable
◦ $2,600 favorable
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by abc on Mar 6, 2021

zenzy

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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abc

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

frankwu0507

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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