The following data for the Prender Company pertain to the production of 800 urns during August.
Direct Materials (all materials purchased were used):
Standard cost: $\$ 4.80$ per pound of urn.
Total actual cost: $\$ 4,480$.
Standard cost allowed for units produced was $\$ 4,800$.
Materials efficiency variance was $\$ 96$ unfavorable.
Direct Manufacturing Labor:
Standard cost is 2 urns per hour at $\$ 19.20$ per hour.
Actual cost per hour was $\$ 19.60$.
Labor efficiency variance was $\$ 288$ favorable. Required:
a.What is standard direct material amount per urn?
b.What is the direct material price variance?
c.What is the total actual cost of direct manufacturing labor?
d.What is the labor price variance for direct manufacturing labor?

Question

The following data for the Prender Company pertain to the production of 800 urns during August.
 Direct Materials (all materials purchased were used):
Standard cost: $\$ 4.80$ per pound of urn.
Total actual cost: $\$ 4,480$.
Standard cost allowed for units produced was $\$ 4,800$.
Materials efficiency variance was $\$ 96$ unfavorable.
Direct Manufacturing Labor:
Standard cost is 2 urns per hour at $\$ 19.20$ per hour.
Actual cost per hour was $\$ 19.60$.
Labor efficiency variance was $\$ 288$ favorable. Required:
a.What is standard direct material amount per urn?
b.What is the direct material price variance?
c.What is the total actual cost of direct manufacturing labor?
d.What is the labor price variance for direct manufacturing labor?

Quizplus · Accepted Answer

The Answer of The following data for the Prender Company pertain to the production of 800 urns during August.
 Direct Materials (all materials purchased were used):
Standard cost: $\$ 4.80$ per pound of urn.
Total actual cost: $\$ 4,480$.
Standard cost allowed for units produced was $\$ 4,800$.
Materials efficiency variance was $\$ 96$ unfavorable.
Direct Manufacturing Labor:
Standard cost is 2 urns per hour at $\$ 19.20$ per hour.
Actual cost per hour was $\$ 19.60$.
Labor efficiency variance was $\$ 288$ favorable. Required:
a.What is standard direct material amount per urn?
b.What is the direct material price variance?
c.What is the total actual cost of direct manufacturing labor?
d.What is the labor price variance for direct manufacturing labor?

The Following Data for the Prender Company Pertain to the Production