Wilson Manufacturing Has Provided You with the Following Variances for the Month

question 97

Essay

Wilson Manufacturing has provided you with the following variances for the month of March:
Wilson Manufacturing produced 6,200 units during the month of March;6,000 units were budgeted.Direct Materials Inventory did not change over the period.You have also been provided the following partial information:
Calculate the:
a.pounds of direct materials (purchased = used).
b.actual direct labor hours.
c.actual labor cost in dollars.
d.actual spending for materials.

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Definitions:

Unattainable

Refers to goals, objects, or conditions that cannot be achieved or reached, often due to existing limitations.

Full Employment

A situation in an economy in which all who are willing and able to work at prevailing wage rates are employed.

Production Possibility Frontier

A graphical representation showing the maximum combination of goods and services that can be produced with available resources and technology.

Resources Scarcity

The economic condition of limited natural resources available to meet the unlimited wants and needs of people.