part 1

part 2

(The following information applies to the questions displayed below) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (5 lbs. @ $7 per lb.) (2 hrs. @ $16 per hr.) (2 hrs. $13 per hr.) Actual 39,400 lbs. @ $7.20 per lb. 15,300 hrs. @ $16.60 per hr. $209, 100 7,800 AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. Actual Cost AQ X 39,400 $ 283,680 AQ 39,400 SP $ 7.00 Standard Cost sa X SP 35,000 $ 7.00 $ 245.000 $ 7.20 $ 275,800 $ 7,880 $ 30,800 Direct labor rate variance Direct labor efficiency variance $ 7,880 Unfavorable 30,800 (Unfavorable [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (5 lbs. @ $7 per lb.) (2 hrs. @ $16 per hr.) (2 hrs. @ $13 per hr.) Actual 39,400 lbs. @ $7.20 per lb. 15,300 hrs. @ $16.60 per hr. $209, 100 7,800 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost $ 0 $ $ 0 0