The Following Data for the Prender Company Pertain to the Production

question 151

Essay

The following data for the Prender Company pertain to the production of 800 urns during August.
Direct Materials (all materials purchased were used):
Standard cost: $\$ 4.80$ per pound of urn.
Total actual cost: $\$ 4,480$ .
Standard cost allowed for units produced was $\$ 4,800$ .
Materials efficiency variance was $\$ 96$ unfavorable.
Direct Manufacturing Labor:
Standard cost is 2 urns per hour at $\$ 19.20$ per hour.
Actual cost per hour was $\$ 19.60$ .
Labor efficiency variance was $\$ 288$ favorable. Required:
a.What is standard direct material amount per urn?
b.What is the direct material price variance?
c.What is the total actual cost of direct manufacturing labor?
d.What is the labor price variance for direct manufacturing labor?

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Definitions:

Nitrostat

A brand name for nitroglycerin, a medication used to treat chest pain (angina) by widening blood vessels.

Apothecary Equivalent

A term used to describe the conversion of measurements used in the apothecary system to those used in the metric system.

Chest Pain

An uncomfortable sensation in the chest that can vary significantly in intensity and can be a symptom of various health conditions, ranging from indigestion to heart attack.

Dexamethasone

A potent synthetic corticosteroid used to treat inflammation and autoimmune conditions, and as part of chemotherapy regimens.