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Nona Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (6 pounds at
Nona Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.
Direct materials (6 pounds at $3.60 per pound) | $21.60 | |
Direct labor (3 hours at $12.00 per hour) | $36.00 |
During the month of April, the company manufactures 210 units and incurs the following actual costs.
Direct materials purchased and used (2,200 pounds) | $8,470 | |
Direct labor (670 hours) | $7,933 |
Compute the total, price, and quantity variances for materials and labor
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