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#4 please help with correct answers The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor
#4 please help with correct answers
The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 19,000 lbs at $4.25 per lb. 5,568 hours for a total of $107, 308 30,090 ped AH = Actual Hours SH Standard Hours AR - Actual Rate SR Standard Rate AQ - Actual Quantity SO Standard Quantity AP Actual Price SP Standard Price Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.20 per pound and 10 minutes of direct laborat $20.40 per hour (1) Compute the direct materiais price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable Complete this question by entering your answers in the tabs below. Required 1 Required 2 (2) Compute the direct labor rate and efficiency varlonces. Indicate whether each variance is favorable or unfavorable Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Do not round Intermediate calculations.) Actual Cost Standard Cost $ 0 $ 0 0 Required 2 > (2) Compute the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable. (Do not round Intermediate calculations.) Actual Cost Standard Cost 0 $ 0 5 0 $ 0 0 Step by Step Solution
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