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I need help please Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures 560

I need help please

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Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures 560 Direct materials (15 lbs. @ $4 per lb.) Direct labor (4 hrs. @ $15 per hr.) 60 During June the company incurred the following actual costs to produce 8,100 units. Direct materials (124,700 lbs. @ $3.80 per lb.) Direct labor (36,100 hrs. @ $15.10 per hr.). $473,860 545, 110 (1) Compute the direct materials price and quantity variances. Actual Cost Standard Cost $ 0 2) Compute the direct labor rate variance and the direct labor efficiency variano Indicate whether each variance is favorable or unfavorable Actual Cost Standard Cost SO

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