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A company has the following actual and standard production measures during the period: A.) calculate the materials price variance B.) calculate the materials quantity variance
A company has the following actual and standard production measures during the period:
Actual units produced Actual materials purchased and used Actual materials price Actual labor hours Actual labor rate Actual variable overhead 570 3,788 lbs. $ 13.20 per lb. 2,090 $ 31.40 per hour $11,660 Standard materials per unit Standard materials price Standard labor hours per unit Standard labor rate Standard variable overhead rate 9.00 lbs. $ 12.70 per Ib. 4.00 $ 33.00 per hour $ 6.60 per labor hour A.) calculate the materials price variance
B.) calculate the materials quantity variance
C.) calculate the labor rate variance
D.) calculate labor time variance
E.) calculate the variable overhead controllable variance
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