Materials and Labor Variances Required: Compute the missing amounts. Actual materials Actual hours used Standard materials for

Materials and Labor Variances

Required:
Compute the missing amounts.

Transcribed Image Text:

Actual materials Actual hours used Standard materials for output (tons) Standard hours for output. Actual cost per ton of material Standard cost per ton of material Actual cost per direct labor hour Standard cost per direct labor hour Total direct labor variance* Total direct materials variance** Direct materials price variance Direct materials quantity variance Direct labor rate variance 2,000 tons 1,500 hours (a) (b) (c) $ GA GA $ 4 4 (d) $1,625 U $ 400 F (e) $ 0 $ 750 U (f) Direct labor efficiency variance *Total direct labor variance = Labor rate variance + Labor efficiency variance **Total direct materials variance = Materials price variance + Materials usage variance (Materials price variance is com- puted at the time of use in production.)