Direct Materials and Direct Labor VeriancesAt the beginning of June, Bezco Toy Company budgeted 10,000 toy action figures to be manufactured in June et standard direct moterials and direct laborcosts as follows:Direct materials$14,000Direct labor7,800Total$21,800The standard materials price is $0.40 per pound. The standard direct labor rate is s13.00 per hour. At the end of June, the actual direct materlals and directlabor costs were as follows:Actual direct materials$13,300Actual direct labor7,400Total$20,700There were no direct materiols price or direct labor rate varionces for June. In addition, assume no changes in the direct materials inventory balances in June.Bezco Toy Company actually produced 9,200 units during June.Determine the direct moteriois quantity and direct labor time variances. Round your per unit computations to two decimal places and round youranswers to the nearest dollar, If required. Enter a favorabie variance as a negative number using a minus sign and an unfavorable variance as e positivenumber.Direct materials quantity varianceUnfavorableUnfavorableDirect labor time variance

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Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 10,000 toy action figures to be manufactured in June et standard direct materials and direct labor costs as follows: Direct materials $14,000 Direct labor 7,800 Total $21,800 The standard materials price is $0.40 per pound. The standard direct labor rate is $13.00 per hour labor costs were as follows: the end of Junn, the actual direct materials and direct Actual direct materials $13,300 Actual direct labor 7,400 Total $20,700 There were no direct materials price or direct iabor rate varlences for June. In addition, assume no changes in the direct materials inventory balances in June. Bezco Toy Company actually produced 9,200 units during June. Determine the direct moteriois quantity and direct inbir time varances. Round your per unit computations to two decimal places and round your nswers to the nearest dollar, If required. Enter a favorable variance as a negative number using a minus sign and an untavorable verance as e positive umber. Direct materials quantity variance Unfavorable Direct labor time variance Unfavorable

Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 10,000 toy action figures to be manufactured in June et standard direct materials and direct labor costs as follows: Direct materials $14,000 Direct labor 7,800 Total $21,800 The standard materials price is $0.40 per pound. The standard direct labor rate is $13.00 per hour labor costs were as follows: the end of Junn, the actual direct materials and direct Actual direct materials $13,300 Actual direct labor 7,400 Total $20,700 There were no direct materials price or direct iabor rate varlences for June. In addition, assume no changes in the direct materials inventory balances in June. Bezco Toy Company actually produced 9,200 units during June. Determine the direct moteriois quantity and direct inbir time varances. Round your per unit computations to two decimal places and round your nswers to the nearest dollar, If required. Enter a favorable variance as a negative number using a minus sign and an untavorable verance as e positive umber. Direct materials quantity variance Unfavorable Direct labor time variance Unfavorable

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter9: Standard Costing: A Functional-based Control Approach

Section: Chapter Questions

Problem 33P: Business Specialty, Inc., manufactures two staplers: small and regular. The standard quantities of...

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