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need this asap please PROBLEMIL 2. The standards for product J35 call for 1.0 pounds of a raw material that costs $15.60 per pound. Last
need this asap please
PROBLEMIL 2. The standards for product J35 call for 1.0 pounds of a raw material that costs $15.60 per pound. Last month, 5,700 pounds of the raw material were purchased for $90,345. The actual output of the month was 5,280 units of product J35. A total of 5,200 pounds of the raw material were used to produce this output. Required: a. Calculate the materials price variance for the month b. Calculate the materials quantity variance for the month 3) The following labor standards have been established for a particular product: Standard labor hours per unit of output ... 0.3 hours $15.50 per hour Standard labor rate The following data pertain to operations concerning the product for the last month: 3.800 hours $59,470 12,800 units Actual hours worked.... Actual total labor cost Actual output... Required: a. Calculate the labor rate variance for the month b. Calculate the labor efficiency variance for the monthStep by Step Solution
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