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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