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Please answer asap Question 2 Direct Material and Labour Variance: Manufacturer 10 ma During September , Wonderland Led material purchases amount to 7,000 kilograms at
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Question 2 Direct Material and Labour Variance: Manufacturer 10 ma During September , Wonderland Led material purchases amount to 7,000 kilograms at a pri D)) $8.00 per kg. Actual costs incurred in the production of 2,700 units were as follows: Direct labour Direct material $118.611 $51.000 $19.10 per hour $8.00 per kilogram The standard for one unit of product is as follows: Direct Labour Direct material Quantity 2.5 hours per unit 2.5 kilograms per unit Price/Rate S21 per hour $7 per kilogram Required: Calculate the following variance, indicating whether each variance is favorable or unfavorable: (a) Direct material price variance, (2 % marks) (24 marks) (b) Direct material quantity variance. (c) Direct labour efficiency variance. (d) Direct labour rate variance. (2 marks) (24 marks)Step by Step Solution
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