ch 26 question 2

Swilty Corporation accumulates the following data relative to jobs started and finished during the month of June 2022 Costs and Production Data Actual Standard $2.30 $2.15 Raw material unit cost Raw materials units Direct labor payroll 11.400 10.500 $157,940 $153.520 Direct labor hours 14.900 15,200 $223.276 $226,176 43,500 Manufacturing overhead incurred Manufacturing overhead sooled Machine hours expected to be used at normal capacity Budgeted twed overhead for June Variable verticadre der nachine hour Fixed overhead rate per machine $73,950 53.10 31.70 Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct bor hour. The jobs were sold for $455.000. Selling and administrative expenses were $38.000. Assume that the amount of raw materials purchased equaled the amount used (a) Compute all of the variances for (1) direct materials and (2) direct labor (Round per unit values to 2 decimal places 52.75 and final answers to decimal places. 52) (1) Total materials variance 5 Materials peice variance $ Materials quantity variance 5 (2) Total labor variance 5 Labor price variance $ Labor quantity variance $ eTextbook and Media List of Accounts Satu Attempts of used Submit A