16 Chemlink Inc. uses a standard cost system to account for the costs of its...
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16 Chemlink Inc. uses a standard cost system to account for the costs of its production of Chemical X Standards are 2.3 gallons of materials at $114 per gallon and 19 hours of labor at a standard wage rate of $21. During September, Chemlink produced 2,900 gallons of Chemical X. Chemlink purchased and used totaled 3,660 gallons at a total cost of $420,180. Actual direct labor cost totaled $311,730 for 25,880 hours worked a. Calculate the direct materiais price variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable". "Unfavorable", or "None" for no effect (.e, zero variance).) Price Vananca 2 2 01:33 Skipped b. Calculate the direct materials quantity verlance (Indicate the effect of varlonce by selecting "Favorable", "Unfavorable", or "Mone" for no effect (.e., rero variance) Querely Vector C.Calculate the direct labor rate variance. (Do not round your Intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (le, zero variance).) Varianos ME GW Hall 6 c. Calculate the direct labor rate variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable". "Unfavorable", or "Nene" for no effectie, ero variances) d. Calculate the direct inbor efficiency variance indicate the effect of variance by selecting "Favorable "Unfavorable!", or "None for no effect for variances) C Prox 16 of 29 Next > Mule 2: Start video Share Record 7
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