Question
Cascade Incorporated has provided the following information: Standards: Per Unit Direct materials 5.00 pounds @ $4.60 per pound $ 23.00 Direct labor 2 hours @
Cascade Incorporated has provided the following information: Standards: Per Unit Direct materials 5.00 pounds @ $4.60 per pound $ 23.00 Direct labor 2 hours @ $12.61 per hour 35.00 Variable overhead (based on direct labor hours) 2 hours @ $21.00 per hour 42.00 Fixed overhead 11.00 Total $ 111.00 Budgeted production = 5,110 units Actual results: Direct materials 29,550 pounds @ $4.62 $ 136,521 Direct labor 11,620 @ $12.66 147,109 Variable overhead 130,420 Fixed overhead 134,300 Units produced
- Calculate the direct materials price variance.
Note: Do not round your intermediate calculations. Round your final answer to nearest dollar amount. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).
- Calculate the direct materials quantity variance.
Note: Round your final answer to nearest dollar amount. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).
- Calculate the direct labor rate variance.
Note: Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).
- Calculate the direct labor efficiency variance.
Note: Do not round intermediate calculations and round your final answer to nearest dollar amount. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).
- Calculate the variable overhead rate variance.
Note: Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).
- Calculate the variable overhead efficiency variance
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