Hutto Corp has set the following standard direct materials and direct labor costs per unit for the product it manufactures Direct materials (15 lbs 33 per lb ) Direct labor (3 hrs $15 per hr ) $45 45 During May the company incurred the following actual costs to produce 8 000 units Direct materials (123,600 lbs $2 80 per lb ) Direct labor (27,600 hrs $15 10 per hr ) $346, ese 407,700 AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable Complete this question by entering your answers in the tabs below Required 1 Required 2 Compute the direct materials price and quantity variances and classify it as favorable or unfavorable Actual Cost Standard Cost 0 $ 0 $ O Required 2 Hutto Corp has set the following standard direct materials and direct labor costs per unit for the product it manufactures Direct materials (15 lbs $ per lb ) Direct labor (3 hrs $15 per hr ) $45 45 During May the company incurred the following actual costs to produce 8 000 units Direct materials (123,600 lbs $2 89 per lb ) Direct labor (27,800 hrs $15 10 per hr ) $346,080 407,7 AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable Complete this question by entering your answers in the tabs below Required 1 Required 1 Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable Actual Cost Standard Cost $ 0 $ 0 5

Question

Hutto Corp  has set the following standard direct materials and direct labor costs per unit for the product it manufactures  Direct materials (15 lbs  33 per lb ) Direct labor (3 hrs  $15 per hr ) $45 45 During May the company incurred the following actual costs to produce 8 000 units  Direct materials (123,600 lbs    $2 80 per lb ) Direct labor (27,600 hrs  $15 10 per hr )  $346, ese 407,700 AQ   Actual Quantity SQ   Standard Quantity AP Actual Price SP   Standard Price AH   Actual Hours SH   Standard Hours AR   Actual Rate SR   Standard Rate (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate variance and the direct labor efficiency variance  Indicate whether each variance is favorable or unfavorable Complete this question by entering your answers in the tabs below  Required 1 Required 2 Compute the direct materials price and quantity variances and classify it as favorable or unfavorable  Actual Cost Standard Cost 0 $ 0 $ O Required 2   Hutto Corp  has set the following standard direct materials and direct labor costs per unit for the product it manufactures Direct materials (15 lbs  $ per lb ) Direct labor (3 hrs  $15 per hr ) $45 45 During May the company incurred the following actual costs to produce 8 000 units  Direct materials (123,600 lbs    $2 89 per lb ) Direct labor (27,800 hrs  $15 10 per hr )  $346,080 407,7 AQ   Actual Quantity SQ   Standard Quantity AP   Actual Price SP   Standard Price AH   Actual Hours SH   Standard Hours AR   Actual Rate SR   Standard Rate (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable  Complete this question by entering your answers in the tabs below  Required 1 Required 1 Compute the direct labor rate variance and the direct labor efficiency variance  Indicate whether each variance is favorable or unfavorable  Actual Cost Standard Cost $ 0 $ 0 5

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Hutto Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (15 lbs. 33

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