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PLEASE SHOW WORK! Use the following information to answer the next 3 questions: Lemon Company manufactures a single product. The company manufactured 5,000 units in
PLEASE SHOW WORK!
Use the following information to answer the next 3 questions: Lemon Company manufactures a single product. The company manufactured 5,000 units in March, using 6,150 pounds of material and 2,420 labor hours. During the same month, they purchased 6,200 pounds of material for $151,590. The actual labor cost for March was $39,930. There were no beginning or ending work-in-process inventories. The company has the following unit standard costs for direct materials and labor. 13. (1 point) The direct material price variance for March is: a. $2,160 favorable b. $3,383 favorable c. $2,160 unfavorable d. $3,383 unfavorable e. $3,410 unfavorable f. $3,410 favorable g. $3,300 favorable h. None of these answers are correct. 14. (1 point) The direct material usage variance for March is: a. $5,000 unfavorable b. $1,250 unfavorable c. $3,750 unfavorable d. $3,667.50 unfavorable e. $5,000 favorable f. $1,250 favorable g. $3,750 favorable h. None of these answers are correct. 15. (1 point) The direct manufacturing labor efficiency variance for March is: a. $1,200 favorable b. $3,630 unfavorable c. $1,400 favorable d. $2,430 unfavorable e. $3,630 favorable f. $2,430 favorable g. $1,200 unfavorable h. None of these answers are correct. Use the following information to answer the next 3 questions: Lemon Company manufactures a single product. The company manufactured 5,000 units in March, using 6,150 pounds of material and 2,420 labor hours. During the same month, they purchased 6,200 pounds of material for $151,590. The actual labor cost for March was $39,930. There were no beginning or ending work-in-process inventories. The company has the following unit standard costs for direct materials and labor. 13. (1 point) The direct material price variance for March is: a. $2,160 favorable b. $3,383 favorable c. $2,160 unfavorable d. $3,383 unfavorable e. $3,410 unfavorable f. $3,410 favorable g. $3,300 favorable h. None of these answers are correct. 14. (1 point) The direct material usage variance for March is: a. $5,000 unfavorable b. $1,250 unfavorable c. $3,750 unfavorable d. $3,667.50 unfavorable e. $5,000 favorable f. $1,250 favorable g. $3,750 favorable h. None of these answers are correct. 15. (1 point) The direct manufacturing labor efficiency variance for March is: a. $1,200 favorable b. $3,630 unfavorable c. $1,400 favorable d. $2,430 unfavorable e. $3,630 favorable f. $2,430 favorable g. $1,200 unfavorable h. None of these answers are correctStep by Step Solution
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