Sage CorpUses a Standard Cost System to Account for the Costs

question 16

Essay

Sage Corp.uses a standard cost system to account for the costs of its one product.Standards are 3 pounds of materials at $14 per pound and 4 hours of labor at a standard wage rate of $12.During July,Sage Corp.produced 3,300 units.Materials purchased and used totaled 10,100 pounds at a total cost of $142,650.Payroll totaled $146,780 for 13,150 hours worked.Calculate the:
a.direct labor rate variance.
b.direct labor efficiency variance.

---

Definitions:

Community

A group of people living in the same place or having a particular characteristic in common.

Back-To-School Shopping

The period in which students and their parents purchase school supplies and apparel before the new school year begins.

Spending

The action of using money to purchase goods or services.

Spending

The act of using money to purchase goods or services.