Camila Company has set the following standard cost per unit for direct materials and direct...
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Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (14 pounds e \$5 per pound) Direct labor ( 3 hours 8$14 per hour) 5.70 42 During June the company incurred the following actual costs to produce 8,400 units. Direct materials (120,500 pounds e $4.75 per pound) Direct labor (29,600 hours 814.10 per hour) 572,375417,360 ARSR=ActualRateSRStandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances. Note: Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance
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