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a.)Calculate the direct materials price variance for March b.)Calculate the direct materials quantity variance for March c.)Calculate the direct labor rate variance for March. d.)Calculate
a.)Calculate the direct materials price variance for March
b.)Calculate the direct materials quantity variance for March
c.)Calculate the direct labor rate variance for March.
d.)Calculate the direct labor efficiency variance for March.
e.)Calculate the variable overhead spending variance for March.
f.)Calculate the variable overhead efficiency variance for March.
g.)Calculate the fixed overhead spending variance for March.
Exercise 6-25 Crane Construction Consultants performs cement core tests in its Greenville laboratory. The following standard costs for the tests have been developed by the company's controller, Landon Crane, based on performing 2,100 core tests per month Standard Quantity Standard Cost Direct materials Direct labor Variable overhead Fixed overhead Total standard cost per test Standard Price $0.50 per pound $11 per DLH $9 per DLH $16 per DLH 5 pounds 0.50 DLH 0.50 DLH 1 DLH $2.50 5.50 4.50 16.00 $28.50 At the end of March, London reported the following operational results: . The company actually performed 2,280 core tests during the month 8,600 pounds of direct materials were purchased during the month at a total cost of $5,700 ? 6,500 pounds of direct materials were used to conduct the core tests. 860 direct labor hours were worked at a total cost of $9,830 Actual variable overhead was $8,000. Actual fixed overhead was $15,800Step by Step Solution
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