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Wildhorse 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
Wildhorse 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 $1.55 per kilogram) $9.30 Direct labour (2.75 hours at $12.80 per hour) $35.20 During the month of April, the company manufactures 280 units and incurs the following actual costs: Direct materials purchased and used (1.880 kg) Direct labour (740 hours) $3,102 $9.028 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 decimal places, e.g. 125.) Materials Price variance $ $ > $ $ Quantity variance $ $ > > $ $ $ >
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