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Please help and when you do please post the whole thing, im so confused Exercise 21-12 (Algo) Direct materials and direct labor variances LO P3
Please help and when you do please post the whole thing, im so confused
Exercise 21-12 (Algo) Direct materials and direct labor variances LO P3 Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (14 pounds e $3 per pound) 542 Direct labor (3 hours $16 per hour) During June the company incurted the following actual costs to produce 9,000 units. Direct materials (128,600 pounds $2.75 per pound) Oirect labor (31,500 hours 8 \$16.20 per hour) 5352,000 518,300 AR=Actual Rate SR=Standard Rate AQ=Actual Quantity SQ= Standard Quantity AP= Actual Price SP= Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. Camila Company has set the following standard cost per unit for direct materials and direct labor. During June the company incurred the following actual costs to produce 9,000 units D1rect oateriats (128,000 pounds o $2.75 per pound) . Direct labor (32,500 hours e $16,20 per hour) 5.352,000 AR=ActualRateSR=StandardRate AQ= Actual Quantity SQ= Standard Quantity AP= Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficlency variance. Complete this question by entering your answarn in the tabo below. Compute the direct labor rate varience and the direct labor efficiency variance. (Indicate the effect ol each variance by selecting fivorable, unfavoreble, or no Wanance. Round "Rate per hour' enswers to 2 dedimal places.) Step by Step Solution
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