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Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards. Standard Quantity Standard Price or Rate
Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards. Standard Quantity Standard Price or Rate Standard Cost Direct material 10.00 pounds $ 1.50 per pound $ 15.00 Direct labor 0.70 hour $ 10.00 per hour 7.00 Total $ 22.00 During June, Orion purchased 335,000 pounds of direct material at a total cost of $552,750. The total wages for June were $260,224, 75 percent of which were for direct labor. Orion manufactured 32,000 dartboards during June, using 297,600 pounds of the direct material purchased in June and 24,320 direct-labor hours. Required: Compute the following variances for June. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecti
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