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Required information The following information applies to the questions displayed below. A manufactured product has the following information for June. Actual 48,500 lbs. $8.10 per
Required information The following information applies to the questions displayed below. A manufactured product has the following information for June. Actual 48,500 lbs. $8.10 per lb. 15,700 hrs. s16.50 per hr. Standard Direct materials Direct labor Overhead Units manufactured (6 lbs. $8 per lb.) (2 hrs. $16 per hr.) (2 hrs. $12 per hr.)$198,000 8,000 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price Actual Cost Standard Cost 0 0
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