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Splish Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product: Direct materials (6.00 kg at
Splish Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product:
Direct materials (6.00 kg at $2.95 per kilogram) | $17.70 | ||
Direct labour (2.25 hours at $12.20 per hour) | $27.45 |
During the month of April, the company manufactures 200 units and incurs the following actual costs:
Direct materials purchased and used (1,300 kg) | $4,095 | ||
Direct labour (430 hours) | $5,031 |
Calculate the total, price, and quantity variances for materials and labour
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