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Waterway Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product: Direct materials (6.00 kg
Waterway Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product: Direct materials (6.00 kg at $3.80 per kilogram) Direct labour (2.40 hours at $12.50 per hour) $22.80 $30.00 During the month of April, the company manufactures 210 units and incurs the following actual costs: Direct materials purchased and used (1,460 kg) Direct labour (480 hours) $5.767 $5.760 Calculate the total, price, and quantity variances for materials and labour (Round intermediate calculations to 2 decimal places, eg. 1.25 and final answer to O decimal places, eg. 125.) Price variance Quantity Total vartan Materials $ Labos
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