Materials, Labor, and Revenue Variances The standard cost sheet for Kendra Box Company shows the following unit costs for direct materials and direct labor for each box made:

During the month of October, 83,000 board feet of lumber were used to produce 20,000 boxes, and the following actual costs were incurred:

The standard selling price per box is $52. Kendra expects to sell 50,400 boxes during October. Actual revenue results for October are as follows:

Required:
Compute the materials, labor, and revenue variances

Transcribed Image Text:

Direct materials (4 board feet of lumber @ $2) Direct labor (2 standard hours @ $6). Total standard materials and labor costs per box $ 8 12 $20