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please help Cascade Inc. has provided the following information: Standards: Per unit 13.5 lbs Direct materials $12.00/lb $162.00 Direct labor 6.0 hours e $3.5/hour 21.00
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Cascade Inc. has provided the following information: Standards: Per unit 13.5 lbs Direct materials $12.00/lb $162.00 Direct labor 6.0 hours e $3.5/hour 21.00 Variable overhead 10.5 hours 194.25 $18.5/hour Fixed overhead 32.00 Total $409.25 Budgeted production = 2,630 units Actual results Direct materials Direct labor Variable overhead Fixed overhead Units produced 39,100 lbs 23,870 actual hours $482, 470 $490,600 5278,210 $ 84,500 2,000 units a. Calculate the direct materials price variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).) Price Variance Step by Step Solution
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