Information from the Atlantic Company is presented as follows:

Required:

a. Determine the direct material price variance.

b. Determine the direct material quantity variance in dollars.

c. Determine the direct labor rate variance.

d. Determine the direct labor efficiency variance in dollars.

Transcribed Image Text:

Actual cost of 30,000 pounds of direct material purchased Direct material used in production Actual number of direct labor hours Actual direct labor cost Actual production Direct material price standard Direct material quantity standard per finished unit of production Direct labor rate standard Direct labor efficiency standard Budgeted production $97,500 28,100 pounds 12.850 $165.765 2.500 units $3.30 per pound 11 pounds $13 5 hours per unit 2.400 units