#4

Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds @ $8 per pound 2 DLH @ $16 per DLH 2 DLH @ $12 per DLH Actual Results 48,500 pounds @ $8.10 per pound 15,700 hours @ $16.50 per hour $ 198, 000 8,000 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost es Actual Cost Standard Cost Actual Cost AH SH Actual Cost AR SR Direct labor efficiency variance Direct labor rate variance Direct materials price variance Direct materials quantity variance Total direct labor variance Total direct materials variance Total variable overhead cost variance Variable overhead efficiency variance Variable overhead spending variance LE Total direct materials variance Total variable overhead cost variance Variable overhead efficiency variance Variable overhead spending variance Volume variance