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Help The standards for one case of Springfever Tonic are as follows: Direct materials Direct labor 8 pound @ $ 3 . 0 0 per
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The standards for one case of Springfever Tonic are as follows:
Direct materials
Direct labor
pound @ $ per pound $
Variable overhead based on
hour @ $ per hour $
direct labor hours
hour @ $ per hour $
During the week ended March the following activity took place:
pound of raw materials were purchased for inventory at a cost of $ per pound.
cases of finished product were produced.
pound of raw materials were used.
direct labor hours were worked at a total cost of $
$ of actual variable overhead costs were incurred.
Required:
Calculate each of the following variances. unfavorable, and "None" for no effect ie zero variance
tablea Price variance for raw materials purchased.,,Fb Raw materials usage variance.,,Uc Direct labor rate variance.,,Ud Direct labor efficiency variance.,,
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