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Author Question: Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In ... (Read 111 times)

ericka1

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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 materials6 pounds$4.25 per pound
Direct labor0.50 hours$15.00 per hour
During September, MCP produced and sold 2,000 units using 12,400 pounds of direct materials at an average cost per pound of $4.00 and 950 direct labor hours at an average wage of $15.15 per hour.

The direct labor price variance during September is ________.
◦ $750.00 unfavorable
◦ $150.00 favorable
◦ $142.50 unfavorable
◦ $142.50 favorable
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by ericka1 on Mar 6, 2021

welcom1000

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Reply #1 on: Mar 6, 2021
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ericka1

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Reply 2 on: Mar 6, 2021
Wow, this really help

bassamabas

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Reply 3 on: Yesterday
:D TYSM

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