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NEED HELP ASAP how do i feel in the Chart to reflect my answers correctly? Hodge Co. was set the following standard direct materials and
NEED HELP ASAP how do i feel in the Chart to reflect my answers correctly?
Hodge Co. was set the following standard direct materials and direct labor costs per unit for the product it manufactures $56 Direct materials (10 lbs. 2 sa per 15.) Direct labor (3 hrs. 8 516 per hr.) During June, Hodge Co incurred the following actual costs to produce 9.000 units. Direct materials (128,700 lbs. 13.75 per 10 Direct labor (30,100 hrs. 516.10 per hr.). 5482,625 454,610 AH-Actual Hours SH - Standard Hours AR-Actual Rate SR - Standard Rate AQ - Actual Quantity SQ - Standard Quantity AP Actuat Price SP - Standard Price (1) Compute the direct materials price and quantity variances (indicate the effect of each variance by selecting for favorable unfovorable, and no variance.) AH - Actual Hours SH - Standard Hours 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. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) (2) Compute the direct labor rate variance and the direct labor efficiency variance (Indicate the effect of each variance by selecting for favorable, unfovorable, and no variance.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materiais price and quantity variances. Indicate whether each variance is favorable or unfavorable Standard Cost Actual Cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances Indicate whether each variance in favorable or unfavorable Standard Cont Actual Cost SO 128.700 AP 5 $ 0 Direct materials price variance Direct materials quantity variance 0 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable Actual Cost Standard Cost 0 $ 0 $ 0 0 Step by Step Solution
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