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A manufactured product has the following information for June. Standard Quantity and Cost Actual Results Direct materials 7 pounds @ $ 8 per pound 6

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A manufactured product has the following information for June.
Standard Quantity and Cost Actual Results
Direct materials 7 pounds @ $8 per pound 62,800 pounds @ $8.20 per pound
Direct labor 3 DLH @ $15 per DLH 26,300 hours @ $15.40 per hour
Overhead 3 DLH @ $11 per DLH $ 299,500
Units manufactured 8,900 units
Exercise 21-9(Algo) Direct materials variances LO P3
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 PriceUse the following information for the Exercises below. (Algo)
[The following information applies to the questions displayed below.]
A manufactured product has the following information for June.
Exercise 21-9(Algo) Direct materials variances LO P3
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
image text in transcribed

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