Question
Purvis Manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (6 pounds at
Purvis Manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the product.
Direct materials (6 pounds at $2 per pound) $12
Direct labor (2 hours at $12 per hour) $24
During the month of April, the company manufactures 250 units and incurs the following actual costs.
Direct materials purchased and used (1,550 pounds) $3,255
Direct labor (515 hours) $5,974
a-The amount of total material unfavorable variance (......)
b- The unfavorable Materials price variance= (......)
c- The unfavorable Materials quantity variance= (......)
d- What is the amount of favorable Labor price variance (......)
e- The unfavorable Labor quantity variance (......)
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