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The following data pertains to the month of October for ElmCo when production was budgeted to be 5,000 units of product
Posted: Wed May 04, 2022 7:08 am
by answerhappygod
- The Following Data Pertains To The Month Of October For Elmco When Production Was Budgeted To Be 5 000 Units Of Product 1 (35.89 KiB) Viewed 41 times
The following data pertains to the month of October for ElmCo when production was budgeted to be 5,000 units of product P90. P90 has budgeted costs per unit of: Direct Materials 3 lbs. at $7.00 per lb. Direct Labor 0.20 hours at $18.00 per hour In October the production of P90 totaled 5,100 units. The actual results were: Direct Materials used: 15,100 lbs costing $108,000 803 hours costing $15,732 Direct Labor hours used: Determine the direct labor price or rate variance. Negative numbers indicate a favorable vari ice. (Round to the nearest $1.00)