Q . A company is maufacturing 5000 units for the period. Actual and standard direct materials information are: -

Standard Costs: 1.5 pounds per unit; purchase price is 0.78 per pound. Actual Costs: 8000 pounds purchased and used; purchase price is 0.75 per pound. Find material price variance. Also tell if it's favourable or unfavourable.

Q. A company is maufacturing 5000 units for the period. Actual and standard direct materials information are: -

Standard Costs: 1.5 pounds per unit; purchase price is 0.78 per pound. Actual Costs: 8000 pounds purchased and used; purchase price is 0.75 per pound. Find material usage variance. Also tell if it's favourable or unfavourable.?

Q. A company is maufacturing 5000 units for the period. The following are actual and standard direct labor information:

Standard Costs: 2.5 hours per unit; hourly rate is $20.25 per hour. Actual Costs: 13000 actual hours worked; hourly rate is $19.75 per hour. Find the total direct labor cost variance. Also tell if it's favorable or unfavorable?