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Lucla Company has set the following standard cost per unit for clirect materlals and direct labor. Direct materlals ( 1 5 pounds e $ 5
Lucla Company has set the following standard cost per unit for clirect materlals and direct labor. Direct materlals pounds e $ pr pound oirect labor bours $ per hour During May the company Incurred the following actual costs to produce units. Direct materLals pounds e $ per pound $ Direct labor hours e $ per hour Actual Rate Standard Rate Actual Quantity SQ Standard Quantlity A Actual Price SP Standard Price Actual Hours SH Standard Hours Compute the direct materlals price and quantity varlances. Compute the direct labor rate varlance and the direct labor efficlency variance. Complete this question by entering your answers in the tabs below. Required Flequired Compute the direct materials price and quantity variances. Nate: Indicate the effect of each variance by selecting favorable, unfavarable, or no variance.
Lucla Company has set the following standard cost per unit for clirect materlals and direct labor.
Direct materlals pounds e $ pr pound
oirect labor bours $ per hour
During May the company Incurred the following actual costs to produce units.
Direct materLals pounds e $ per pound
$
Direct labor hours e $ per hour
Actual Rate
Standard Rate
Actual Quantity
SQ Standard Quantlity
A Actual Price
SP Standard Price
Actual Hours
SH Standard Hours
Compute the direct materlals price and quantity varlances.
Compute the direct labor rate varlance and the direct labor efficlency variance.
Complete this question by entering your answers in the tabs below.
Required
Flequired
Compute the direct materials price and quantity variances.
Nate: Indicate the effect of each variance by selecting favorable, unfavarable, or no variance.
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