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Jenkins Manufacturing The following information is available for Jenkins Manufacturing Company for the month of June when the company produced 2,100 units: Standard: Material 2
Jenkins Manufacturing The following information is available for Jenkins Manufacturing Company for the month of June when the company produced 2,100 units:
Standard: | |
Material | 2 pounds per unit @ $5.80 per pound |
Labor | 3 direct labor hours per unit @ $10.00 per hour |
Actual: | |
Material | 4,250 pounds purchased and used @ $5.65 per pound |
Labor | 6,300 direct labor hours at $9.75 per hour |
a. What is the material price variance?
b. What is the material quantity variance?
c. What is the labor rate variance?
d. What is the labor efficiency variance?
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