Check my work During June, Danby Company\'s material purchases amounted to 12,48
ID: 2556329 • Letter: C
Question
Check my work During June, Danby Company's material purchases amounted to 12,480 pounds at a price of $5.80 per pound. Actual costs incurred in the production of 2.400 units were as follows Direct labor Direct material: 175,654 ($14.20 per hour) $57,246 ($5.80 per pound) The standards for one unit of Danby Company's product are as follows Direct Materiali Quantity, 5 hours per unit Rate, $14.00 per hour Quantity, 4 pounds per unit Price, $5.70 per pound Required: Fill in the amounts in the tables below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3
Explanation / Answer
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Danby Company Direct-Material Price and Quantity Variances Actual Material Cost Projected Material Cost Standard Material Cost Actual Quantity x Actual Price Actual Quantity x Standard Price Standard Quantity x Standard Price 9870 5.80 9870 5.70 9600 5.70 pounds used per pound pounds used per pound pounds allowed per pound 57246 56259 54720 987 Unfavorable 1539 Unfavorable Direct-material price variance Direct-material quantity variance 2526 Unfavorable Direct-material variance