Solved: During september gandolph purchased 320000 kg of dm at a, Accounting Basics

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During september gandolph purchased 320000 kg of dm at a

Problem - Gandolph Game Company

Gandolph Game Company has established the following standards for the prime costs of one unit of its chief product, dartboards.

	Standard Cost	Standard Quantity	Standard Rate or Price
Direct Material	14	8kg	$1.75 per kilogram
Direct Labor	2	.25hr	$8 per hour

During September, Gandolph purchased 320,000 kg of DM at a total cost of $608,000. The total wages for September were $84,000, 90% of which were for DL. Gandolph manufactured 38,000 dartboards during September, using 285,000 kg of DM and 10,000 DL hours.

Compute the following:

Material variances

Labor variances

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Accounting Basics: During september gandolph purchased 320000 kg of dm at a

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Accounting Basics: During september gandolph purchased 320000 kg of dm at a

Reference No:- TGS02577279

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