Wonderland Company produces jewelry. The table below shows the data for the month in production of bracelets: Direct Materials Actual price per unit of input Std price per unit of input Actual units of input Actual units of output 0.25 0.10 670,500.00 150,000.00 Direct Labor 0.45 0.50 525,800.00 150,000.00 It takes 10 units of direct materials and 4 hrs to produce 5 rings. Required: Compute for the Material Price, Efficiency and Flexible Budget Variance as well as the Labor Rate, Efficiency and Flexible Budget Variance. Please Indicate "U" for Unfavorable and "F" if Favorable.

Wonderland Company produces jewelry. The table below shows the data for the month in production of bracelets: Direct Materials Actual price per unit of input Std price per unit of input Actual units of input Actual units of output 0.25 0.10 670,500.00 150,000.00 Direct Labor 0.45 0.50 525,800.00 150,000.00 It takes 10 units of direct materials and 4 hrs to produce 5 rings. Required: Compute for the Material Price, Efficiency and Flexible Budget Variance as well as the Labor Rate, Efficiency and Flexible Budget Variance. Please Indicate "U" for Unfavorable and "F" if Favorable.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 3PA: Direct materials, direct labor, and factory overhead cost variance analysis Mackinaw Inc. processes...

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