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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:

  1. Direct materials price variance.
  2. Direct materials quantity variance.
  3. Direct labor rate variance.
  4. Direct labor efficiency variance.

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