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Morro Bay Surfboards manufactures fiberglass surfbourds. The standard cost of direct materials and direct manufacturing labor is $225 per board. This includes 30 pounds of
Morro Bay Surfboards manufactures fiberglass surfbourds. The standard cost of direct materials and direct manufacturing labor is $225 per board. This includes 30 pounds of direct materials, at the budgeted price of $3 per pound and 9 hours of direct labor, at the budgeted rate of $15 per hour. Calculatc: 1. The Direct Labor Price Variance, indicating whether it is favorable or unfavorable. 2, The Dircet Labor Efficiency Variance, indicating whether it is favorable or unfavorable. 3. The Direct Material Price Variance, indicating whether it is favorable or unfavorable. 4. The actual pounds of dircet materials used for the period
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