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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
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 products | 829 |
Budgeted (Std) price of direct labor per hour | $ 849.00 |
Budgeted (Std) units produced and sold | 25,533 |
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 |
1. What is the direct manufacturing labor price variance? (in dollars and cents, also if it is favorable or unfavorable)
2. What is the direct manufacturing material price variance? (in dollars and cents, also if it is favorable or unfavorable)
3. What is the direct manufacturing labor efficiency variance? (in dollars and cents, also if it is favorable or unfavorable)
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