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The data below relate to a product of Colfax Company.Standard costs: Material, 2 pounds at $6 per pound = $12 per unitLabor, 3 hours at $15 per hour = $45 per unitBudgeted production for the year 4,000 units
Actual results were: Production 3,600 unitsMaterial purchases, 8,000 pounds at $46,400Labor, 10,360 hours at $160,580Material used in production 7,300 poundsRequirements:calculate the following: (Be sure to indicate whether the variance is favorable or unfavorable.)Direct material price variance Direct material quantity variance Direct labor rate variance Direct labor efficiency variance
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Johnstone Manufacturing Company has used the double-declining balance method to depreciate its machinery. During the present year, management switched to the straight-line method because they felt that it better shown the utilization of the assets..
Determine the provided expressions using the a, b, and c from your birth date.
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