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Variance - Please HE LP - Exercise 6.30 Rudget Vari cases praducad and snid $1,923,900 $1.8 6,900 $77,000 Favorable Direct 557,073 546,150 10,922 U Direct
Variance - Please HELP - Exercise 6.30
Rudget Vari cases praducad and snid $1,923,900 $1.8 6,900 $77,000 Favorable Direct 557,073 546,150 10,922 U Direct labor 255,776 258,100 96 UI 203,017 278,040 77 UI 2,108 unfavorable Variable selinv expenses 92,479 9,370 dministrative ex 41,449 9,720 1 20 Unfavorable rontrihu 993 unfavorable arturi owerhaad no 30 had selling axpanses brad administrati Operating income $295,980 $2. $4 Lexi picked up the phone and called Irvin. Invin, I don geuii. We Leal the budeeted opt income ror e month, but look at all the unfavorable variances on the operating costs Can you help me understand what's going on?" Let me look into it and I'l get badk Lo ycu," Invin replied. Irwin gather q addit bout the h's porfonmi Direct m rials purdnasedl 86 pounds a total ot $557,073 Direct materials used: 101,286 pounds Direct labor hours worked: 26 a total cost ot $265 776 Machine hours used: 40,663 Irvin so found th e standard oost card for a cat Standard Standard Price standard Quantity Direct materials 10 po $5 Direct labor $10 per DLH 2.50 DLH 5.80 MH MH 28.00 $2.73 per MH 4 MH 0.92 st per a-g (a-b) talculate the direct matcrial price variance and direct material quantity variance for the month. (uf variance is zero, select "Not Applicable" and enter o for the amounts.) Direct material quantity variance d) Calculate the direct labur rate variance and drect labur efficiency variance for the month. (Round answers to 0 decimal places, e.g. 1525. If variance is zeno, select "Not Applicable and enter 0 for the emounts.) Direct labor rate Direct labor effi varianueStep by Step Solution
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