Business, 29.11.2019 03:31 anggar20

Gepp manufacturing company produces a single product. the following data apply to the standard cost of materials and labor associated with making the product: materials quantity per unit 1 pound materials price $ 12.50 per pound labor quantity per unit 2 hours labor price $ 22.50 per hour during the year, the company made 1,800 units of product. at the end of the year, the following variances had been calculated. materials usage variance $ 1,000 favorable materials price variance $ 860 unfavorable labor usage variance $ 4,500 unfavorable labor price variance $ 7,125 favorable required determine the actual amount of materials used. determine the actual price paid per pound for materials. (round your answer to 2 decimal places.) determine the actual labor hours used. determine the actual labor price per hour. (round your answer to 2 decimal places.)

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Gepp manufacturing company produces a single product. the following data apply to the standard cost...

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