Q1// The Tryon manufacturing company manufactures the product TRYAD in standardbatches of 100 units, a standard cost system is used. the standard material and labor costs perbatch are:The standard costCost per batchRaw materials (70 Ibs. @ 0.50 S per Ib.)35 $Direct labor (40 hours @ 2.75 $ per hour)110 SProduction for November amounted to 210 batches. The actual cost for material and laborwas:The Actual costCostRaw materials14500 lbs.7975 SDirect labor8505 hours25515 $Required: the variance analysis for labor.

Variance is said to be difference between standard and actual output and cost of the production.

Q1// The Tryon manufacturing company manufactures the product TRYAD in standar batches of 100 units, a standard cost system is used. the standard material and labor costs pe batch are: The standard cost Cost per batch Raw materials (70 lbs. @ 0.50 S per lb.) 35 $ Direct labor (40 hours @ 2.75 S per hour) 110 $ Production for November amounted to 210 batches. The actual cost for material and labo was: The Actual cost Cost Raw materials 14500 lbs. 7975 S Direct labor 8505 hours 25515 $ Required: the variance analysis for labor.

Q1// The Tryon manufacturing company manufactures the product TRYAD in standar batches of 100 units, a standard cost system is used. the standard material and labor costs pe batch are: The standard cost Cost per batch Raw materials (70 lbs. @ 0.50 S per lb.) 35 $ Direct labor (40 hours @ 2.75 S per hour) 110 $ Production for November amounted to 210 batches. The actual cost for material and labo was: The Actual cost Cost Raw materials 14500 lbs. 7975 S Direct labor 8505 hours 25515 $ Required: the variance analysis for labor.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 4PA: April Industries employs a standard costing system in the manufacturing of its sole product, a park...

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