The following data for the Panoid Garden Supplies Company pertains to the production of 2,000 garden spades during March.The spade consists of a wooden handle and a metal forged tool that comes in contact with the ground.
Required:
a.What is the standard direct material amount per garden spade?
b.What is the standard cost allowed for all units produced?
c.What is the total direct materials flexible-budget variance?
d.What is the direct material flexible-budget price variance?
e.What is the total actual cost of direct manufacturing labor?
f.What is the labor price variance for direct manufacturing labor?
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