Question
Direct materials Direct Labour Actual price per unit of input (kg and hours) $25 $17 Standard price per unit of input $20 $21 Quantity purchased
|
| Direct materials | Direct Labour |
| Actual price per unit of input (kg and hours) | $25 | $17 |
| Standard price per unit of input | $20 | $21 |
| Quantity purchased | 6,000kg | -- |
| Actual labour hours | -- | 50,000 hours |
Required:
Given the above information, what are the price and rate variances of direct materials and direct labour respectively?
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Survey Of Accounting
Authors: Carl S. Warren
2nd Edition
0324183445, 978-0324183443
