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pleas solve clearly Dawson Toys, Lid, produces a toy called the Maze. The company has recently established a standard cost system to heb control costs
pleas solve clearly
Dawson Toys, Lid, produces a toy called the Maze. The company has recently established a standard cost system to heb control costs and has established the following standards for the Maze toy Direct materials: 6 microns per toy at $0 33 per micron Direct labor: 12 hours per toy at $6.80 per hour During July, the company produced 4.900 Maze toys. Production data for the month on the toy follow: Direct materials 71,000 microns were purchased at a cost of $0 31 er micron 34,250 of these micrors were still in inventory at the end of the month Direct labor 0,480 direct labor-hours were worked at a cost of $47 952 for favorable for unfavorable and one for no effect Required: 1. Compute the following arances for July indicate the effect of each variance by selecting Do not found intermediate calculations. Round final answer to the nearest whole dollar) The materials price and quantity variances Material price variance Material quantity variance b. The labor rate and efficiency variances Labor rate variance Labor efficiency variance Step by Step Solution
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