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Please show all work to get to answers. Computation of Variable Cost Variances The following information pertains to the standard costs and actual activity for
Please show all work to get to answers.
Computation of Variable Cost Variances The following information pertains to the standard costs and actual activity for Tyler Company for September: Standard cost per unit Direct materials 4 units of material A $2.00 per unit 1 unit of material B x $3.00 per unit 3 hours x $8.00 per hour Direct labor Activity for September Materials purchased Material A Material B Materials used Material A 4,100 units x $2.05 per unit 1,000 units x $3.10 per unit Material B 3,750 units 905 units 2,690 hours $8.10 per hour 900 units Direct labor used Production output There were no beginning direct materials inventories. (a) Determine the materials price and quantity variances. Material A Materials price variance $ x U Materials quantity variance Oxu $ Material B 0x U OXU (b) Determine the labor rate and efficiency variances. Labor rate variance $ 0x U Labor efficiency variance OXF
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