Question Details

DT Co. produces picture frames 


1.DT Co. produces picture frames. It takes 3 hours of direct labor to produce a frame. DT's standard labor
cost is $11.00 per hour. During March, DT produced 4,000 frames and used 12,400 hours at a total cost
of $133,920. What is DT's labor rate variance for March?


2.In producing 700 units of Product CBA last period, Cobalt Company used 5,000 pounds of Material H,
costing $34,250. The company has established the standard of using 7.2 pounds of Material H per unit of
CBA, at a price of $7.50 per pound. Calculate the materials price and quantity variances associated with
producing the 700 units, and indicate whether they are favorable or unfavorable:




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