Standard Quantityor HoursDirect materials3 feet? hoursStandard Price or Rate$ 11 per foot? per hourStandardCost$ 33Direct laborDuring March, the company purchased direct materials for $111,300, all of which were used in the production of 3.200 units. Inaddition, 4,900 direct labor-hours were worked on the product during the month. The cost of this labor time was $95,550. Thefollowing variances have been computed for the month:Materials quantity varianceLabor spending varianceLabor efficiency varianceRequired:1. For direct materials:$ 4,400 U$ 450 F$ 2,000 Ua. Compute the actual cost per foot of materials for March.b. Compute the price variance and the spending variance.2. For direct labor.a. Compute the standard direct labor rate per hour.b. Compute the standard hours allowed for the month's production.c. Compute the standard hours allowed per unit of product.Complete this question by entering your answers in the tabs below.Required 1A Required 1B Required 2For direct materials, compute the actual cost per foot of materials for March.Note: Round your answer to 2 decimal places.Actual costper footRequired 1ARequired 1B >

Name: Standard Quantityor HoursDirect materials3 feet? hoursStandard Price
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Standard Quantityor HoursDirect materials3 feet? hoursStandard Price or Rate$ 11 per foot? per hourStandardCost$ 33Direct laborDuring March, the company purchased direct materials for $111,300, all of which were used in the production of 3.200 units