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manufacture of Product S is as follows: Standard CostsActual Costs Direct materials1,500 pounds at $351,600 pounds at $32 Direct labor4,800 hours at $114,500 hours at
manufacture of Product S is as follows:
Standard CostsActual Costs
Direct materials1,500 pounds at $351,600 pounds at $32
Direct labor4,800 hours at $114,500 hours at $11.80
Factory overheadRates per labor hour,
based on 100% of normal
5,500 labor hours:
Variable costs $2.40$12,300 variable cost
Fixed costs, $3.50$19,250 fixed cost
1. .Determine the quantity variance, price variance, and total direct material cost variance for Product S
.
2. Determine the time variance, rate variance, and total direct labor cost variance for Product S
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