A manufactured product has the following information for June. Standard Quantity and Cost 5 pounds...
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A manufactured product has the following information for June. Standard Quantity and Cost 5 pounds @ $9 per pound 3 DLH @ $15 per DLH 3 DLH @ $12 per DLH Direct materials Direct labor Overhead Units manufactured Actual Results 39,400 pounds @ $9.20 per pound 23,000 hours @ $15.50 per hour $ 285,900 7,800 units Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ Standard Quantity AP = Actual Price SP Standard Price
A manufactured product has the following information for June. Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance y selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice AQ= Actual Quantity
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