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Delicious77 [7]
3 years ago
14

Cavern Company's output for the current period results in a $6,400 unfavorable direct material price variance. The actual price

per pound is $62.00 and the standard price per pound is $60.00. How many pounds of material are used in the current period
Business
1 answer:
Nitella [24]3 years ago
6 0

Answer:

3,200 unit

Explanation:

Direct materials price variance = Quantity used * (Standard price - Actual price)

-$6,400 = Quantity used * ($60.00 - $62.00)

-$6,400 = Quantity used * -$2.00

Quantity used = -$6,400/-$2.00

Quantity used = 3,200 unit

So, the quantity of pounds of material used in the current period is 3,200 unit

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Answer:

a. (AR-SR)* Actual hours = Labour rate variance  

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c. Direct Labour efficiency variance = (AH-SH)*SR

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(2,750 - Standard hours) = 5280/17.60

(2,750 - Standard hours) = 300

Standard hours = 2,750 - 300

Standard hours = 2,450

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