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someone please hemp me find labor rate vafiance and labor efficieny for the last image. ifs been getting forgotten when experts complete answers to 2
someone please hemp me find labor rate vafiance and labor efficieny for the last image. ifs been getting forgotten when experts complete
answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Compute the labor rate and efficiency variances for each operation. (Indicate the effect of each va favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis): Information relating to materials purchased and materials used in production during May follows: The following additional information is avaliable: a. The company recoghnizes price variances when materials are purchased. b. The standard labor rate is $22.00 per hour in Sintering and $21.50 per hour in Finishing c. During May, 1,300 direct labor-hours were worked in Sintering at a total labor cost of $30,680, and 2,960 direct labor-hours were worked in Finishing ot a total labor cost of $69,560. d. Production during Moy was 1,700 Alpha6s and 1,550 Zeta7s. Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. 2. Compute the materials price and quantity variances for each material. 3. Compute the labor rate and efficiency variances for each operation. Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materials 2. Compute the materials price and quantity variances for each material. 3. Compute the labor rate and efficiency variances for each operation. Complete this question by entering your answers in the tabs below. Compute the materials price and quantity variances for each material. (Indicate the effect of each var favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as pos Step by Step Solution
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