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urgentt Tamarisk Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $6.00 per kilogram) Direct labour (2
urgenttTamarisk Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $6.00 per kilogram) Direct labour (2 hours at $11 per hour) Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit Actual costs for producing 2,710 units were as follows: Direct materials used Direct materials purchased (6,470 kg) Direct labour (6,910 hours) Variable manufacturing costs Fixed manufacturing costs (a) 5,650 kg $37,526 $62,190 $32,700 $17,400 $12.00 22.00 10.55 6.10 $50.65 Calculate the materials price variance for materials purchased. Materials price variance $ Calculate the materials quantity variance. Materials quantity variance $ Calculate the labour price variance. (Round answer to the nearest whole dollar, e.g. 5, 275.) Labour price variance $ Calculate the labour quantity variance. Labour quantity variance
urgentt
Tamarisk Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $6.00 per kilogram) Direct labour (2 hours at $11 per hour) Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit Actual costs for producing 2,710 units were as follows: Direct materials used Direct materials purchased (6,470 kg) Direct labour (6,910 hours) Variable manufacturing costs Fixed manufacturing costs (a) 5,650 kg $37,526 $62,190 $32,700 $17,400 $12.00 22.00 10.55 6.10 $50.65Step by Step Solution
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