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oriole company budgeted the following costs standard for the current year A) Calculate the materials quantity variance and choose unfavorable, favorable, or neither B) calculate
oriole company budgeted the following costs standard for the current year
A) Calculate the materials quantity variance and choose unfavorable, favorable, or neither
B) calculate labour price variance and choose unfavorable, favorable, or neither
C) calculate labour quantity variance and choose unfavorable, favorable, or neither
Oriole Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $6.00 per kilogram) $12.00 Direct labour (2 hours at $11 per hour) 22.00 Variable manufacturing overhead 11.10 Fixed manufacturing overhead 6.95 Total standard cost per unit $52.05 Actual costs for producing 2,700 units were as follows: Direct materials used 5,900 kg Direct materials purchased (6,630 kg) $38,454 Direct labour (6,950 hours) $62,550 Variable manufacturing costs $33,000 Fixed manufacturing costs $17,900
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