Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct
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Question:
Lucia Company has set the following standard cost per unit for direct materials and direct labor.
Direct materials pounds @ $ per pound$
Direct labor hours @ $per hour
During May the company incurred the following actual costs to produce units.
Direct materialspounds @ $per pound$
Direct laborhours @ $per hour
WITH Actual Rate
SR Standard Rate
AQ Actual Quantity
SQ Standard Quantity
AP Actual Price
SP Standard Price
AH Actual Hours
SH Standard Hours
Compute the direct materials price and quantity variances.
Compute the direct labor rate variance and the direct labor efficiency variance.
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