Reference no: EM133003536
Question - Shade Company adopted a standard cost system several years ago. The standard costs for direct labor and direct materials for its single product are as follows: Materials (5 kilograms × $12/kilogram) = $60/unit; direct labor (3.5 hours/unit × $20/hour) = $70/unit. All materials are issued at the beginning of processing. The operating data shown below were taken from the records for December:
In-process beginning inventory None
In-process ending inventory-80% complete to labor 1,090 units
Units completed during the period 6,960 units
Budgeted output 7,590 units
Purchases of materials (in kilograms) 46,500
Total actual direct labor cost incurred $550,718
Direct labor hours worked (AQ) 27,800 hours
Materials purchase-price variance $7,905 favorable
Increase in materials inventory in December 4,800 kilograms
Required - What the direct labor flexible-budget variance for December?
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