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Please help with the three I got wrong. Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing facility.
Please help with the three I got wrong.
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 30 employees. Each employee presently provides 40 hours of labor per week. Information about a production week is as follows: $13.2 Standard wage per hour Standard labor time per unit 20 min. Standard number of lbs. of brass 1.9 lbs. Standard price per lb. of brass $11.75 Actual price per Ib. of brass $12 Actual lbs. of brass used during the week 17,026 lbs. Number of units produced during the week 8,700 Actual wage per hour $13.6 Actual hours for the week (30 employees x 40 hours) 1,200 hrs. b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance Unfavorable $ $ 4,257 5,828 Direct Materials Quantity Variance Unfavorable Total Direct Materials Cost Variance $ 11,136.5 x Unfavorable c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Labor Rate Variance 480 Unfavorable Direct Labor Time Variance $ 480 $ 22,440 X $ 21,960 x Favorable Total Direct Labor Cost Variance FavorableStep by Step Solution
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