Standard Cost Practice Navigation 4 5 Finish attempt Questo 3 Not complete Marked out of 21.00 ProQuestion Material, Labor, and Variable Overhead Variances The following summarized manufacturing data relate to Stefan Corporation's April operations, during which 2.000 finished units of product were produced. Normal monthly capacity is 1100 direct labor hours Standard Unies Cases Total Actual Costs $10 Standard 12.19 Acc200 510.2016 Drealibor Standard 10 hr. 520) Actualtos123.403 Variable head 512 6.200 17173 Teal 534 Assume that the 4.200 16 of materials purchased were al used in producing the 2,000 completed units. Determine the materials price and efficiency variances, labor rate and efficiency variances, and variatie overhead spending and efficiency variances Material Variances Actualtos Soitot Noen so Assume that the 42001b. of materials purchased were all used in producing the 2.000 completed units. Determine the materials price and efficiency variances, labor rate and efficiency variances, and variatie overhead spending and efficiency wariances. Materials Variances Actual Standard cost Mis price Materialiency 3 5 Laber Variances Aculcast Spice Standard costs Laborate Labor een Variable Overhead Variances Actual cast: Spit on Standard cost Vanameeted spending Varble overhead Mency Check Previous Save Answers Next