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A manufactured product has the following information for June. Standard Quantity and Cost Actual Results Direct materials 6 pounds @ $9 per pound 46,200 pounds
A manufactured product has the following information for June.
Standard Quantity and Cost | Actual Results | ||
---|---|---|---|
Direct materials | 6 pounds @ $9 per pound | 46,200 | pounds @ $9.10 per pound |
Direct labor | 2 DLH @ $16 per DLH | 14,900 | hours @ $16.50 per hour |
Overhead | 2 DLH @ $11 per DLH | $ 173,300 | |
Units manufactured | 7,600 | units |
Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price
Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each varian 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 RateStep by Step Solution
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