Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Need this answered in exce and with proper formatting. Thanks Q3) Material and Labour Variances The direct materials and direct labour standards for one bottle
Need this answered in exce and with proper formatting.
Thanks
Q3) Material and Labour Variances The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below: Standard Cost Standard Quantity Standard Price or Hours or Rate 5.0 millilitres $0.30 per millilitre 0.4 hours $ Direct materials $1.50 Direct labour 12.00 per hour $4.80 During the most recent month, the following activity was recorded: a. 28,000 millilitres of material was purchased at a cost of $0.25 per millilitre b. All of the material was used to produce 3,000 bottles of Clean-All C. 675 hours of direct labour time was recorded at a total labour cost of $8,100. Required: 1. Compute the direct materials price and quantity variances for the month. 2. Compute the direct labour rate and efficiency variances for the month. (Indicate each variance as "F" for favourable or "U" for unfavourable). O 9 w A 14 15 19 f10 X Woo AStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started