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dimaraw [331]
3 years ago
15

their major products, the plastic container. Budgeted quantity Budgeted price Direct materials 0.25 pounds $30 per pound Direct

labor 0.13 hours $16per hour Actual During July, Company produced and sold 5,000 containers using 1,100 pounds of direct materials at an average cost per pound of $29 and 600 direct manufacturing labor hours at an average wage of $15 per hour. Direct Material Flexible - Budget variance is
Business
1 answer:
pshichka [43]3 years ago
3 0

Answer:

Total Material cost variance  $5,600  favorable

Explanation:

<em>The direct matriculate total variance is he difference between the standard material cost for the actual output achieved and the actual material cost of the same output</em>

Standard materiel cost per unit = 0.25 × $30 = $7.5  per unit

                                                                                                  $

5,000 units should have cost (5000×  $7.5) =                    37,500

but did cost  (actual cost        1,000 × $29                          <u> 31,900 </u>

Total Material cost variance                                           <u>       5600</u>  favorable

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