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Use the following data to analyze the companys operations using variances. Budgeted data: Direct materials 2 pounds per unit at $5 per pound Direct labor

Use the following data to analyze the companys operations using variances.

Budgeted data:

Direct materials2 pounds per unit at $5 per pound

Direct labor hour per unit at $12 per hour

Production100,000 units

Actual results:

Direct materials300,000 pounds purchased at $4.50 per pound,

220,000 pounds used in production

Direct labor48,000 hours used at $12.50 per hour

Production105,000 units

Direct materials price variance:

Direct materials usage variance:

Direct materials inventory variance:

Direct labor price variance:

Direct labor usage variance:

image text in transcribed
Use the following data to analyze the company's operations using variances. Budgeted data: Direct materials pound Direct labor Production 2 pounds per unit at $5 per 1 hour per unit at $12 per hour 100,000 units Actual results: Direct materials $4.50 per pound 300,000 pounds purchased at 220,000 pounds used in production 48,000 hours used at $12.50 105,000 units Direct labor per hour Production Direct materials price variance: Direct materials usage variance: Direct materials inventory variance: Direct labor price variance: Direct labor usage variance

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