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Procter & Gamble Co. manufactures laundry detergent and incurred the following costs for the production of 17,000 units: Actual direct materials cost: $47,000 Standard direct
Procter & Gamble Co. manufactures laundry detergent and incurred the following costs for the production of 17,000 units:
Actual direct materials cost: $47,000 Standard direct materials cost: $38,000 Actual direct labor cost: $28,000 Standard direct labor cost: $25,000
Calculate the following variances:
- Direct materials price variance.
- Direct materials quantity variance.
- Direct labor rate variance.
- Direct labor efficiency variance.
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