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The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced Standard
The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor Actual Rate Standard Rate Actual Quantity Standard Quantity Actual Price Standard Price pounds at $ per pound hours at $ per hour pound at $ per pound hour at $ per hour Compute the direct materials price and quantity variances. Compute the direct labor rate and efficiency variances.
The following information relates to production activities of Mercer Manufacturing for the year.
Actual direct materials used
Actual direct labor used
Actual units produced
Standard quantity and price per unit for direct materials
Standard quantity and rate per unit for direct labor
Actual Rate
Standard Rate
Actual Quantity
Standard Quantity
Actual Price
Standard Price
pounds at $ per pound
hours at $ per hour
pound at $ per pound
hour at $ per hour
Compute the direct materials price and quantity variances.
Compute the direct labor rate and efficiency variances.
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