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The following describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 19,000 lbs. at $4.25 per lb. 5,560 hours for a total of $107,308 30,090 Budgeted standards for each unit produced are 0.50 pound of direct material at $4.20 per pound and 10 minutes of direct laborat $20.40 per hour AH Actual Hours SH - Standard Hours AR Actual Rate SR - Standard Rate AQ - Actual Quantity SQ - Standard Quantity AP Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) (2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Ca b enter your answer is the tabs below Return to question A = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) (2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required 2 Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Do not round intermediate calculations.) Actual Cost 19.000 AP $ 4.25 AQ 19,000 Standard Cost SQ X SP 15,045 x $ 4.20 $ 4.20 $79,800 180.750 63,189 950 Direct materials price variance Direct material quantity variance Total direct materiais variance Unfavorable Unfavorable Unfavorable Return to question A = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate th effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) (2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required 2 Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. Do not found intermediate calculations.) Actual Cost Standard Cost AN AR SH 5.560 5,015 $ 113 424 IS 102.305 Direct laborate variance Favorable Unfavorable 11.118 Direct labore ncy variance Total direct labor variance Unfavorable
