At the beginning of 2021, ABC Manufacturing Ltd., adopted the following standards for its direct material costs: Input Cost per Output Unit Direct labour 5 hours at $18 per hour $ 90 During the most recent month 2,600 output units were produced with 14,100 hours used at a cost of $17.5 per hour. What were the direct labour price variance and quantity variance, respectively?

At the beginning of 2021, ABC Manufacturing Ltd., adopted the following standards for its direct material costs: Input Cost per Output Unit Direct labour 5 hours at $18 per hour $ 90 During the most recent month 2,600 output units were produced with 14,100 hours used at a cost of $17.5 per hour. What were the direct labour price variance and quantity variance, respectively?

Name: At the beginning of 2021, ABC Manufacturing Ltd., adopted the followi
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Description: At the beginning of 2021, ABC Manufacturing Ltd., adopted the following standards for its direct material costs:InputCost per Output UnitDirect labour5 hours at $18 per hour$ 90During the most recent month 2,600 output units were produced with 14,10

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 2BE: Direct labor variances Bellingham Company produces a product that requires 4 standard direct labor...

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