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Are these correct? Especially curious about Question 3. BASE DATA: Budgeted (Std) Quantity of Direct Materials for Production 960 Budgeted (Std) Price of Direct Materials
Are these correct? Especially curious about Question 3.
BASE DATA: Budgeted (Std) Quantity of Direct Materials for Production 960 Budgeted (Std) Price of Direct Materials per Pound 1,955.00 Budgeted (Std) Quantity of Direct Labor Hours Used for Production 829 Budgeted (Std) Price of Direct Labor per Hour 849.00 Budgeted (std) Units Produced and Sold 20,133 Actual Quantity of Direct Materials Used for Production 944 Actual Price of Direct Materials per Pound 1,812.00 Actual Quantity of Direct Labor Hours Used for Production 832 Actual Price of Direct Labor per Hour $ 852.00 Note: It takes one unit of direct materials to make one production unit. WITH THE ABOVE DATA SOLVE THE FOLLOWING QUESTIONS REGARDING YOUR PRODUCT: QUESTION ONE What is the Direct Manufacturing Labor Price Variance? Record answer in dollars and cents here Record whether above answer is "favorable" or "unfavorable here S (2.496.00 Unfavorable QUESTION 2 What is the Direct Manufacturing Material Price Variance? Record answer in dollars and cents here Record whether above answer is "favorable" or "unfavorable here $ 134,992.00 Favorable QUESTION 3 What is the Direct Manufacturing Labor Efficiency Variance? Record answer in dollars and cents Record whether above angwer is "favorable" or "unfavorable here $ (2.547.00 UnfavorableStep by Step Solution
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