Question
Willow Inc. has provided the following information: Standards: Per unit Direct materials 10 lb @ $3.80/lb $ 38.00 Direct labor 2 hours @ $26.50/hour 53.00
Willow Inc. has provided the following information:
Budgeted production = 7,000 units
a. Calculate the direct materials price variance. (1855 Favorable) b. Calculate the direct materials quantity variance. (-6232) Unfavorable c. Calculate the direct labor rate variance. (9965) Favorable d. Calculate the direct labor efficiency variance. (1325) Favorable e. Calculate the variable overhead rate variance. f. Calculate the variable overhead efficiency variance. g. Calculate the fixed overhead spending variance. Did I get the ones I've answered correct, and how do I calculate the other 3? |
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