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Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (15 pounds 2$4 per pound) Direct labor
Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (15 pounds 2$4 per pound) Direct labor ( 3 hours e sis per hour) 560 45 During June the company incurred the following actual costs to produce 8.700 units. Direct aaterials ( 133, eee pounds e $3.80 per pound) Dinect labor ( 30,200 hours e$15.10 per hour) S505,400456,020 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 varlance and the direct labor efficiency variance. (1) Compute the direct materials price and quantity variances. (2) Gompute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. (1) Compute the cirect materials price and quantity variances, (2) Compute the direct labor rate varlance and the direct labor efficiency varlance, Complete this question by entering your answers in the tabs below. Compute the direct labor rate varlance and the direct labor efficiency variance. (Indicate the effect of each varlance by selecting laverable, unfavorable, or no yardance, Round "Rate per hour answers to 2 decirial places
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