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Oriole Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product: $16.50 Direct materials (6.00 kg
Oriole Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product: $16.50 Direct materials (6.00 kg at $2.75 per kilogram) Direct labour (2.90 hours at $11.40 per hour) $33.06 During the month of April, the company manufactures 150 units and incurs the following actual costs: Direct materials purchased and used (1,100 kg) Direct labour (420 hours) $3,245 $4,620 Calculate the total, price, and quantity variances for materials and labour. (Round intermediate calculations to 2 decimal places, e.g. 1.25 and final answer to O decimal places, e.g. 125.) Materials La Price variance $ $ Quantity variance $ $ Total variance $ $ Unfavourable Favourable Neither favourable nor unfavourable e Textbook and Media Calculate the total, price, and quantity variances for materials and labour. (Round intermediate calculations to 2 decimal places, e.g. 1.25 and final answer to O decimal places, e.g. 125.) Materials Labour $ A $ Favourable Unfavourable Neither favourable nor unfavourable e Textbook and Media
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