Author Question: The following data for the Panoid Garden Supplies Company pertains to the production of 2,000 garden ... (Read 94 times)

nmorano1 · **on:** Mar 6, 2021

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?

shewald78 · **Reply #1 on:** Mar 6, 2021

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