Question
Chicken Nuggets, LLC, provides chicken nuggets to fast food restaurants. The standard cost card for chicken nuggets indicates each nugget takes two ounces of chicken
Chicken Nuggets, LLC, provides chicken nuggets to fast food restaurants. The standard cost card for chicken nuggets indicates each nugget takes two ounces of chicken meat at $0.03 per ounce, 30 seconds of direct labor at $12.00 per hour, and 30 seconds of overhead at $6.00 per hour, for a total standard cost of $0.21 per nugget. Current production cost for 200,000 nuggets show material cost of $11,024 for 440,960 ounces of chicken at $0.025 per ounce; $19,380 for 1,675 hours of direct labor at $11.57 per hour; and $10,050 of overhead applied for 1,675 hours at $6.00 per hour. Legend: U = Unfavorable F = Favorable (Include U or F, after the amount)
(10) The direct material quantity (usage) variance is calculated to be ________?
(10) The direct labor efficiency variance is calculated to be ________?
(10) The direct labor rate variance is calculated to be ________?
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