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The following direct materials and direct labor data pertain to the operations of Pronghorn Company for the month of August. Costs Actual labor rate $17.20
The following direct materials and direct labor data pertain to the operations of Pronghorn Company for the month of August.
Costs | |||
Actual labor rate | $17.20 | per hour | |
Actual materials price | $130.00 | per ton | |
Standard labor rate | $14.20 | per hour | |
Standard materials price | $132.00 | per ton |
Quantities | ||
Actual hours incurred and used | 4,440 hours | |
Actual quantity of materials purchased and used | 1,256 tons | |
Standard hours used | 4,700 hours | |
Standard quantity of materials used | 1,220 tons |
(a) Compute the total, price, and quantity variances for materials and labor.
Total materials variance | $enter Total materials variance in dollars | select an option Neither favorable nor unfavorableUnfavorableFavorable | ||
---|---|---|---|---|
Materials price variance | $enter Materials price variance in dollars | select an option Neither favorable nor unfavorableFavorableUnfavorable | ||
Materials quantity variance | $enter Materials quantity variance in dollars | select an option FavorableUnfavorableNeither favorable nor unfavorable | ||
Total labor variance | $enter Total labor variance in dollars | select an option FavorableNeither favorable nor unfavorableUnfavorable | ||
Labor price variance | $enter Labor price variance in dollars | select an option Neither favorable nor unfavorableFavorableUnfavorable | ||
Labor quantity variance | $enter Labor quantity variance in dollars | select an option Neither favorable nor unfavorableFavorableUnfavorable |
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