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Camila Company has set the following standard cost per unit for direct materials and direct labor. Camila Company has set the following standard cost per
Camila Company has set the following standard cost per unit for direct materials and direct labor.
Camila Company has set the following standard cost per unit for direct materials and direct labor. Directmaterials(15poundse$4perpound)Directlabor(3hours@$15perhour)$6045 During June the company incurred the following actual costs to produce 8,200 units. Directmaterials(125,200pounds@$3.75perpound)Directlabor(29,200hours@$15.10perhour)$469,500440,920 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. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no varia Required 2> Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorab variance. Round "Rate per hour" answers to 2 decimal places.)Step by Step Solution
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