Need help with the ones that has red X next to it.
Thank you
The budgeted and actual data for direct materials and labor are as follows: Budgeted Actual $0.75 per pound 7 pounds per unit $11 per hour 0.5 hours per unit $1 per pound DM price DM quantity per unit 6 pounds per unit DL price DL quantity per unit0.4 hours per unit Actual sales volume is 100 units. Budgeted sales volume is 80 units. a) Without computations, characterize the following variances as favorable or unfavorable: $8 per hour input price variance for DM OF OU input efficiency variance for DM OF OU input price variance for DL OF Ou input efficiency variance for DL OF OU b) Compute the input price and input efficiency variances for DM and DL. As a preliminary step, compute actual input quantity (total pounds or hours we actually used) and flexible budget input quantity (total pounds or hours we should have used for actual output): X pounds actual input quantity for DM = -600 flexible budget input quantity for DM 525 actual input quantity for DL = -320 flexible budget input quantity for DL 550 X pounds hours X hours Next, compute the variances. Enter favorable variances as a positive number and unfavorable variances as a negative number. Do NOT enter F or U. input price variance for DM- 175 input efficiency variance for DM $-150 input price variance for DL = $ -100 input efficiency variance for DL $80 The budgeted and actual data for direct materials and labor are as follows: Budgeted Actual $0.75 per pound 7 pounds per unit $11 per hour 0.5 hours per unit $1 per pound DM price DM quantity per unit 6 pounds per unit DL price DL quantity per unit0.4 hours per unit Actual sales volume is 100 units. Budgeted sales volume is 80 units. a) Without computations, characterize the following variances as favorable or unfavorable: $8 per hour input price variance for DM OF OU input efficiency variance for DM OF OU input price variance for DL OF Ou input efficiency variance for DL OF OU b) Compute the input price and input efficiency variances for DM and DL. As a preliminary step, compute actual input quantity (total pounds or hours we actually used) and flexible budget input quantity (total pounds or hours we should have used for actual output): X pounds actual input quantity for DM = -600 flexible budget input quantity for DM 525 actual input quantity for DL = -320 flexible budget input quantity for DL 550 X pounds hours X hours Next, compute the variances. Enter favorable variances as a positive number and unfavorable variances as a negative number. Do NOT enter F or U. input price variance for DM- 175 input efficiency variance for DM $-150 input price variance for DL = $ -100 input efficiency variance for DL $80
