Actual purchase price per unit of materials
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1) Compute the actual hours worked, rounded to the nearest hour.
2) Compute the actual purchase price per unit of materials, rounded to the nearest penny
Standard direct labor rate $14.00
Actual direct-labor rate $ 12.20
Standard direct-labor hours 12,000
Direct-labor usage variance-unfavorable $14,140
Standard unit price of materials $ 4.50
Actual quantity purchased and used 1,800
Standard quantity allowed for actual production 1,650
Materials purchase price varieance-favorable $288
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1) Compute the actual hours worked, rounded to the nearest hour.
2) Compute the actual purchase price per unit of materials, rounded to the ...
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