Question $2$

Landers Company manufactures a number of products. The standards relating to one

of these products are shown below:

To evaluate the performance of the first quarter in $2024,$ the results follow:

Required:

Compute the total standard cost per unit and total actual cost per unit for the first

quarter in $2024.$ How much is the difference between the actual unit costs and

standard cost?

Compute the following variances for the first quarter of $2024$:

a$.$ Materials quantity and price variances.

b$.$ Labor efficiency and rate variances.

c$.$ Variable overhead efficiency and rate variances.