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it says 3520 is incorrect. also, find its total material variance direct labor price varaince direct labor efficeincy variance total labor variance pls help Waterways

image text in transcribed
image text in transcribed
it says 3520 is incorrect.
also, find its total material variance
direct labor price varaince
direct labor efficeincy variance
total labor variance
pls help
Waterways Continuing Problem 11 a- (Part Level Submission) Waterways Corporation uses very stringent standard cons in evaluating its manufacturing efficiency. These standards are not ideal" at this point, but the management is working toward that as a goal. At present, the company uses the following standards. 12 02 401 Materials Item Per unit Cost Metal 1 1b. 63 per lb Plastic $1.00 per lb. Rubber 88 per lb. Direct labor Item Per unit Cost Labor 15 min 18.00 per he Predetermined overhead rate based on direct labor hours $4.64 The January figures for purchasing, production, and labor are: The company purchased 231.800 pounds of raw materials in January at a cost of pound Production used 231,000 pounds of raw materials to make 117.000 units in January Direct labor spent 10 minutes on each product at a cost of $2.70 per hour Overhead costs for January totaled $71.409 variable and $70,000 fixed Answer the following questions about standard costs Your answer is partially correct. Try again. What is the materials price variance? (Round per unit calculations to 2 decimal places 1.25 and final answer to decimal places, .. 125.) tudy Materials price variance 13900 Favorite Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TOT LINK TO TEXT Attempts: 15 of 15 used Your answer is partially correct. Try again What is the materials quantity variance (Round per un calculations to 2 decapaces.. and alates 125 Materials quantity variance 35201 Click if you would like to show Work for this questions

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