Variances?

Exercise 25-5 produce 7,200 units of Product B. The standard cost of Product B manufactured by Pharrell Company includes 3.7 units of direct materials at $6.2 per unit. During June, 27,100 units of direct materials are purchased at a cost of $6.10 per unit, and 27,100 units of direct materials are used to (a) Compute the total materials variance and the price and quantity variances. Total materials variance Materials price variance Materials quantity variance $ (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.30 and the quantity purchased and used is 27,000 units. Total materials variance Materials price variance Materials quantity variance $ LINK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLSExercise 25-6 Lewis Company's standard labor cost of producing one unit of Product DD Is 3.7 hours at the rate of $10.6 per hour. During August, 40,400 hours of labor are incurred at a cost of $10.75 per hour to produce 10,800 units of Product DD. (a) Compute the total labor variance. Total labor variance $ (b) Compute the labor price and quantity variances. Labor price variance Labor quantity variance $ (c) Compute the labor price and quantity variances, assuming the standard is 4.1 hours of direct labor at $10.95 per hour. Labor price variance Labor quantity variance $ LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLS