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Paver Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: $11.70 Materials
Paver Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: $11.70 Materials (0.90 yards x $13.00) Direct labor (1.20 hours * $14.00) $16.80 During May, the company produced 3,829 band hats; 4,190 yards of material were purchased for $46,928, and 3,251 yards of material were used in production. Also during May, 4,273 direct labor hours were worked at a cost of $64,095.00. Calculate material price and quantity variances and labor rate and efficiency variances. Indicate whether the variances are favorable or unfavorable. (Round intermediate calculations to 2 decimal places, e.g. 15.25 and final answers to decimal places, e.g. 125. Enter all variances as a positive number.) Material Price Variance $ Material Quantity Variance $ $ Labor Rate Variance $ 1 Labor Efficiency Variance $ >
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