cost accounting show working will offer full points 446720
Aug 29, 2021 | Uncategorized
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The Geurtz Company uses standard costing. The company makes and sells a single product called a Roff. The following data are for the month of August:
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| %u2022 |
Actual cost of direct material purchased and used: $115,010 |
| %u2022 |
Material price variance: $6,510 unfavorable |
| %u2022 |
Total materials variance: $28,510 unfavorable |
| %u2022 |
Standard cost per pound of material: $5 |
| %u2022 |
Standard cost per direct labor hour: $8 |
| %u2022 |
Actual direct labor hours: 6,320 hours |
| %u2022 |
Labor efficiency variance: $4,800 favorable |
| %u2022 |
Standard number of direct labor hours per unit of Roff: 2 hours |
| %u2022 |
Total labor variance: $1,008 unfavorable |
| The actual material cost per pound was: (Round your final answer to 2 decimal places.) |