During April,Rain Gear Unlimited produced 5,500 umbrellas from nylon that costs $0.45 per yard,which is $0.05 cheaper than the standard cost.It also used 3,000 direct labor hours at a rate of $6.50.Its direct materials standard is 1 yard per umbrella.Its direct labor standard is 0.5 hour per umbrella.
Its materials usage variance was a favorable $500 and its labor rate variance was a favorable $900.

Correct Answer:
Verified
Q152: Stratford Company inspects every steam iron it
Q153: McDaniel Company manufactures 100-pound bags of fertilizer
Q154: Mersey Company produced 1,000 trash cans during
Q155: PURE Inc.produces flavored waters,sold in gallons.Recently the
Q156: Grandma's Attic Company produces soft pillows made
Q158: Eastminster Company has the following information:
Q159: Just Right Inc.produces jeans.The following standards have
Q160: Pontefract Company produced 2,500 widgets during November
Q161: Warwick Company has the following information concerning
Q162: Overland Automotive Company is considering on manufacturing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents