Direct materials (14 lbs $5 per lb ) Direct labok (4 hrs $15 per hr ) $70 60 Direct materials (118,700 lbs $4 80 per lb ) Direct labor (37,900 hrs $15 20 per hr ) $569, 760 576,080 AH Actual Hours SH Standard Hours 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 (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance ) (2) Compute the direct labor rate variance and the direct labor efficiency variance (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance ) Complete this question by entering your answers in the tabs below Required 1 Required 2 Compute the direct materials price and quantity variances Indicate whether each variance is favorable or unfavorable Actual Cost Standard Cost Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable Actual Cost Standard Cost Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable Actual Cost Standard Cost

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Direct materials (14 lbs    $5 per lb ) Direct labok (4 hrs    $15 per hr ) $70 60 Direct materials (118,700 lbs    $4 80 per lb ) Direct labor (37,900 hrs  $15 20 per hr )  $569, 760 576,080 AH   Actual Hours SH   Standard Hours 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  (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance ) (2) Compute the direct labor rate variance and the direct labor efficiency variance (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance ) Complete this question by entering your answers in the tabs below  Required 1 Required 2 Compute the direct materials price and quantity variances  Indicate whether each variance is favorable or unfavorable  Actual Cost Standard Cost Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable  Actual Cost Standard Cost   Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable  Actual Cost Standard Cost

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Direct materials (14 lbs. @ $5 per lb.) Direct labok (4 hrs. @ $15 per hr.) $70 60 Direct materials (118,700 lbs. @ $4.80 per

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