Preff and Sons had the following records for July:  
Preff and Sons had the following records for July:
Budgeted Actual
Units produced and sold 40,000 50,000
Direct materials $160,000 $233,200 for 106,000 pounds
Direct labor $200,000 $245,520 for 24,800 hours
Each unit is budgeted to require 2 pounds of direct materials and ½ hour of direct labor.
Find the price and efficiency variances for direct materials and direct labor, then net them together (add favorable variances and subtract unfavorable variances). Show all calculations.
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8-15
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8-15
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The following describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 31,000 lbs. at $5.80 per lb. 10,600 hours for a total of $217,300 63,000 1,600 hour. 29.9 5. IS DE $217,300 Budgeted standards for each unit produced are 0.50 pound of direct material at $5.75 per pound and 10 minutes of direct labor at $21.50 per hour. AH = Actual Hours SH = Standard Hours AR = Actual...
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