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Please assist; will thumbs up for correct answers! The following standard cost card is available for product S141. Direct materials Direct labour Quantity Standard 2.60
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The following standard cost card is available for product S141. Direct materials Direct labour Quantity Standard 2.60 ml per unit 0.26 hours per unit Price Standard $0.69 per ml $18.00 per hour Last month, 13,570 units of S141 were produced at a cost of $25,400 for direct materials and $ 66,490 for direct labour. A total of 36,530 millilitres of direct materials were used. Total direct labour hours amounted to 3,620 hours. During the same period, 35,600 millilitres of direct material were purchased for $23,290. The company's policy is to record materials price variances at the time materials are purchased. X Your answer is incorrect. Try again. What is the total standard cost for direct materials and direct labour for the output this period? (Round answers to 2 decimal places, e.g. 125.64.) Direct Materials 1.79 x Direct Labour 4.69 LINK TO TEXT LINK TO TEXT LINK TO TEXT Your answer is correct. What was the direct materials price variance? (Round answers to 2 decimal places, e.g. 125.64.) Materials Price Variance 1274 Favourable LINK TO TEXT LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. What was the direct materials efficiency variance? (Round answers to 2 decimal places, e.g. 125.64.) Materials Quantity Variance 861 Unfavourable Your answer is correct. What was the direct labour price variance? (Round answers to 2 decimal places, e.g. 125.64.) Labour Rate Variance 1330 Unfavourable LINK TO TEXT LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. What was the direct labour efficiency variance? (Round answers to 2 decimal places, e.g. 125.64.) Labour Efficiency Variance 1652 UnfavourableStep by Step Solution
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