Hexto.mheducation.com Spaghembeve San. Dalton Stat Question 3 Homework Cho 71. Connect Chp 21 Saved Help Save & Exit Check my Hutto Corp, has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (15 lbs. @ $4 per 1b.) Direct Labor (3 hrs. $15 per hr.) $60 45 During May the company incurred the following actual costs to produce 9,000 units. Direct materials (138,000 lbs. $3.75 per lb.) Direct labor (31,000 hrs. $15.10 per hr.). $517,500 468.100 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 (2) Compute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 ale indicate the effort toch AL SP Standard Price Check my work (1) Compute the direct materiais price and quantity variances, (2) Compute the direct labor rate variance and the direct labor efficiency 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 vorable or unfavorable. Indicate the effect of each Varance by selecting for favorable, unfavorable, and no variance.) Actual Cost AQ 138,000 X AP X SO SP $ 4.00 Standard Cool SP X $ 4.00 138.000 X $552 000 $ o 5 Direct materials price variance Direct materials quantity variance Tota variable overhead cost variance offavorable o funfavorable Favorable Required 2 > TER Check my 3 - FIRE SP=Standard Price (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. ook Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour answers to 2 decimal places.) Hit Actual Cost Standard Cost Print ferences $ 0 $ 0 0 0 Required 1 Prey 3 of 6 Next > C FIL