Lucia Company has set the following standard cost per unit for direct materials and direct labor. During
Question:
Lucia Company has set the following standard cost per unit for direct materials and direct labor.
During May the company incurred the following actual costs to produce 9,000 units.
Compute the
(1) Direct materials price and quantity variances and
(2) Direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.
Transcribed Image Text:
Direct materials (15 lbs. @ $4 per Ib.) $60 Direct labor (3 hrs. @ $15 per hr.). $45 .... %24
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