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i need the materials price variance for april, materials quantity variance for april, labor rate variance for april, and the labor efficiency variance for april
i need the materials price variance for april, materials quantity variance for april, labor rate variance for april, and the labor efficiency variance for april A company has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor hours 3 Input Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per unit of output 7.7 ounce 0.4 hours 0.4 hours Standard Price de mate 5 7.50 per unce $38.70 per hour 5.6.10 per hour The company has reported the following actual results for the product for April 142 Actual output Raw materials purchased Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost 7,750 units 62,540 ounces $372,350 59,695 ounces 2,610 hours $105,500 $14.941 Required: a Compute the materials price variance for April b. Compute the materials quantity variance for April c. Compute the labor rate variance for April d. Compute the labor efficiency variance for April (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Don't round the Actual Price and Actual Rate in your calculator. Use the full number a Materials price variance b. Materials quantity variance c. Labor rate variance d. Labor efficiency variance 3 A company has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor hours Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or hours per Unit of output 7.7 ounces 3.4 hours 0.4 hours Standard Price rate 5.7.00 per ounce 338.70 per hour $ 6.10 per hour 21 The company has reported the following actual results for the product for April Actual output Raw materials purchased Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost 7,750 units 62,540 Ounces $372,350 59,695 ounces 2,610 hours $105,800 $ 14,941 Required: a. Compute the materials price variance for April b. Compute the materials quantity variance for April c. Compute the labor rate variance for April d. Compute the labor efficiency variance for April (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Don't round the Actual Price and Actual Rate in your calculator. Use the full number
i need the materials price variance for april, materials quantity variance for april, labor rate variance for april, and the labor efficiency variance for april
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