184 185 SHOW ALL WORK! 186 Problem C 187 Roseanne Company showed the following standard costs for each unit produced: 188 Direct materials per unit 2 pounds x S14 per pound 189 Direct labor per unit 25 hours x 519 per hour 190 The company produced 13200 units in August and had the following data: 191 Materials purchases 21120 pounds 192 Materials used 23009 pounds x $14.8 per pour Direct labor 26400 hours at total cost of $528000 194 Required: 193 Compute the material and labor variances. Discuss possible explanations for each variance 195 calculated (meaning, which might have happened?) 196 197 Direct Material Variances: 198 Material price variance Actual Cost (purchased) Flexible Budget 199 200 201 202 203 204 205 206 Direct material price variance = 205 Direct me 206 207 Material quantity for usage) variance Standard (or budget) 208 Flexible Budget 209 210 211 212 213 Direct material qty for usage) var 214 215 Direct Labor Variances: 216 Lobor efficiency variance 217 Labor rate variance 218 Actual DL Cost Flexible Budget Standard (or budget) 219 220 221 222 223 225 224 Labor rate variance Labor efficiency variance 226 Analysis (What are possible reasons for variances?)