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Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,630 pounds of material, $5.40; and standard costs for
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,630 pounds of material, $5.40; and standard costs for 4,410 pounds of material at $6.10 per pound. What is the direct materials price variance? The following data relate to direct labor costs for August: Actual costs: 5,500 hours at $24.00 per hour. Standard costs: 5,000 hours at $23.70 per hour. What is the direct labor rate variance? Titus Company produced 7,600 units of a product that required 4.553 standard hours per unit. The standard fixed overhead cost per unit is $1.00 per hour at 35,300 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number. Round your answer to the nearest dollar
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