A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 6 lbs $8 per lb 2 hrs $17 per hr 2 hrs $11 per hr Actual 46,100 lbs $8 20 per 1b 14,800 hrs $17 50 per hr $174,100 7,600 Exercise 21 9 Direct materials variances LO P3 Compute the direct materials price variance and the direct materials quantity variance (Indicate the effect o selecting for favorable, unfavorable, and no variance Round Cost per unit answers to 2 decimal places AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price Standard Cost Actual Cost A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 6 lbs $8 per Ib 2 hrs $17 per hr 2 hrs $11 per hr Actual 46,109 lbs 58 20 per lb 14,800 hrs $17 50 per hr $174,100 7,600 Exercise 21 10 Direct labor variances LO P3 Compute the direct labor rate variance and the direct labor efficiency variance (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance Round Rete per hour answers to 2 decimal places ) AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Actual Cost Standard Cost S 5 0

Question

A manufactured product has the following information for June  Direct materials Direct labor Overhead Units manufactured Standard 6 lbs    $8 per lb  2 hrs    $17 per hr  2 hrs    $11 per hr  Actual 46,100 lbs    $8 20 per 1b  14,800 hrs    $17 50 per hr $174,100 7,600 Exercise 21 9 Direct materials variances LO P3 Compute the direct materials price variance and the direct materials quantity variance  (Indicate the effect o selecting for favorable, unfavorable, and no variance  Round  Cost per unit  answers to 2 decimal places AQ   Actual Quantity SQ   Standard Quantity AP   Actual Price SP   Standard Price Standard Cost Actual Cost A manufactured product has the following information for June  Direct materials Direct labor Overhead Units manufactured Standard 6 lbs  $8 per Ib  2 hrs  $17 per hr  2 hrs  $11 per hr  Actual 46,109 lbs  58 20 per lb  14,800 hrs   $17 50 per hr  $174,100 7,600 Exercise 21 10 Direct labor variances LO P3 Compute the direct labor rate variance and the direct labor efficiency variance (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance  Round  Rete per hour  answers to 2 decimal places ) AH   Actual Hours SH   Standard Hours AR   Actual Rate SR   Standard Rate Actual Cost Standard Cost S 5 0

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Question

A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs.

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