A10 Q5

Actual direct materials used Actual direct labor used Actual units produced 24, eee lbs. at $4.45 per lb. 6,505 hours for a total of $128,799 36,030 Budgeted standards for each unit produced are 0.50 pound of direct material at $4.40 per pound and 10 minutes of direct laborat $20.80 per hour AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) (2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Actual direct materials used Actual direct labor used Actual units produced 24, eee lbs. at $4.45 per lb. 6,505 hours for a total of $128,799 36,030 Budgeted standards for each unit produced are 0.50 pound of direct material at $4.40 per pound and 10 minutes of direct laborat $20.80 per hour AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) (2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)