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XYZ Company has a standard cost of $40 per unit for its product. In May, 10,000 units were produced, and the actual cost per unit
XYZ Company has a standard cost of $40 per unit for its product. In May, 10,000 units were produced, and the actual cost per unit was $38.50. Direct materials cost was $8 per unit, and the actual direct materials cost was $7.80 per unit. Direct labor cost was $12 per unit, and the actual direct labor cost was $11.50 per unit. Calculate the total direct materials variance, total direct labor variance, and total manufacturing cost variance.
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