Lucia Company has set the following standard cost per unit for direct materials and direct labor. Directmaterials(16poundse$3perpound)Directlabor(2hours@$14perhour)$4828 During May the company incurred the following actual costs to produce 8,000 units. Direct materials (130,100 pounds @$2.80 per pound) Direct labor (19,000 hours e $14.10 per hour ) 364,280 267,900 AR= Actual Rate SR= Standard Rate AQ= Actual Quantity SQ= Standard Quantity AP= Actual Price SP= Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfav Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by select variance. Round "Rate per hour" answers to 2 decimal places.) Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (14 pounds e \$5 per pound) Direct labor (2 hours e\$15 per hour) $7030 During June the company incurred the following actual costs to produce 8,700 units. Direct materials (124,400 pounds \& $4.80 per pound) Direct labor (22,100 hours $15.15 per hour) 597,120334,815 AR=ActualRateSR=StandardRate AQ=ActualQuantity SQ= Standard Quantity AP= Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorabie, unfa Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by sefectir variance. Round "Rate per hour" answers to 2 decimal places.) AirPro Corporation reports the following for this period. 21-15 (Algo) Total overhead and controllable variances LO P4 Enter your answers in the tabs below. Compute the total overhead variance and identify it as favorable or unfavorable. Compute the controllable variance and identify it as favorable or unfavorable. Lucia Company has set the following standard cost per unit for direct materials and direct labor. Directmaterials(16poundse$3perpound)Directlabor(2hours@$14perhour)$4828 During May the company incurred the following actual costs to produce 8,000 units. Direct materials (130,100 pounds @$2.80 per pound) Direct labor (19,000 hours e $14.10 per hour ) 364,280 267,900 AR= Actual Rate SR= Standard Rate AQ= Actual Quantity SQ= Standard Quantity AP= Actual Price SP= Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfav Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by select variance. Round "Rate per hour" answers to 2 decimal places.) Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (14 pounds e \$5 per pound) Direct labor (2 hours e\$15 per hour) $7030 During June the company incurred the following actual costs to produce 8,700 units. Direct materials (124,400 pounds \& $4.80 per pound) Direct labor (22,100 hours $15.15 per hour) 597,120334,815 AR=ActualRateSR=StandardRate AQ=ActualQuantity SQ= Standard Quantity AP= Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorabie, unfa Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by sefectir variance. Round "Rate per hour" answers to 2 decimal places.) AirPro Corporation reports the following for this period. 21-15 (Algo) Total overhead and controllable variances LO P4 Enter your answers in the tabs below. Compute the total overhead variance and identify it as favorable or unfavorable. Compute the controllable variance and identify it as favorable or unfavorable
