Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Same problem Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (10 pounds @ $3 per
Same problem
Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (10 pounds @ $3 per pound) $ 3e Direct labor (2 hours @ $12 per hour) 24 During June the company incurred the following actual costs to produce 9.000 units. Direct materials (92,eee pounds @ $2.95 per pound) $ 271,400 Direct labor (18,8ee hours $12.95 per hour) 226,548 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 varlances. (2) Compute the direct labor rate varlance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost Required 1 Required 2 > Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (18 pounds @ $3 per pound) $ 30 Direct labor (2 hours @ $12 per hour) 24 During June the company incurred the following actual costs to produce 9.000 units. Direct materials (92,60pounds @ $2.95 per pound) $ 271,4e2 Direct labor (18,8ee hours $12.95 per hour) 226,540 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 varlances. (2) Compute the direct labor rate variance and the direct labor efficiency varlance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard CostStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started