Garfield Company produces a commercial cleaning compound called Super Scrub. The direct materials and direct labor standards for one unit of Super Scrub are given below: Standard Quantity or Hours Standard Price or Rate Direct Materials 2.5 pounds $8.25 per pound Direct Labor 15 mins, or. 25 hours $14.00 per hour During the most recent month, Garfield recorded the following activity: a) The company purchased 1,440 pounds of material at a cost of $8.35 per pound. b) All of the material purchased was used to make 600 units of Super Scrub. c) A total of 170 hours of actual direct labor time was recorded at an average rate of $13.50 per hour. (26) The materials cost variance was:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Garfield Company produces a commercial cleaning compound called Super Scrub. The direct materials and direct labor standards for one unit ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Montana Furniture Mart sold $120,000 of furniture on June 30 and accepted the customer's $120,000 10% 1-year note payable in exchange.
Answers (1)
If john can produce 10 chairs or 20 lamps during a week while mary can produce 12 chairs or 22 lamps in the same time, who has the absolute advantage in producing each good?
Answers (1)
Which type of cover letter would the above excerpt come from? a. Prospecting cover letter b. Networking cover letter c. Application cover letter d. Follow up cover letter
Answers (1)
The money multiplier declined significantly during the period 1930-1933 and also during the recent financial crisis of 2008-2010.
Answers (1)
Erie Corporation owns machinery with a book value of $2,200,000. It is estimated that the machinery will generate future cash flows of $1,995,000. The machinery has a fair value of $1,915,000. The journal entry to record the impairment loss will ...
Answers (1)
New Questions in Business
A stock quote indicates a stock price of $60 and a dividend yield of 3%. The latest quarterly dividend received by stock investors must have been _ per share. a. $1.80 b. $0.45 c. $0.55 d. $1.25
Answers (1)
Employees earn $5,000 per day, work five days per week, monday through friday, and get paid every friday.
Answers (1)
What is one difference between a firm in a perfectly competitive industry and a firm in a monopolistically competitive industry?
Answers (1)
Grape Corporation purchased a machine in December of the current year. This was the only asset purchased during the current year. The machine was placed in service in January of the following year. No assets were purchased in the following year.
Answers (1)
The beginning inventory is 52,800 units. All of the units that were manufactured during the period and 52,800 units of the beginning inventory were sold. The beginning inventory fixed manufacturing costs are $14.
Answers (1)