Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exerclse 8-12(algo) direct materlals and direct la

Exerclse 8-12(Algo) Direct materlals and direct labor varlances LO P3 Camila Company has set...

60.1K

Verified Solution

Question

Accounting

Exerclse 8-12(Algo) Direct materlals and direct labor varlances LO P3
Camila Company has set the following standard cost per unit for direct materlals and direct labor.
During June the company incurred the following actual costs to produce 8,500 units.
Direct naterials (121,800 pounds $3.70 per pound)
Direct labor (37,600 hours & $15.10 per hour)
AR = Actual Rate
SR= Standard Rate
AQ=Actual Quantity
SQ= Standard Quantity
AP= Actual Price
SP= Standard Price
AH= Actual Hours
(1) Compute the direct materlals price and quantity variances.
(2) Compute the direct labor rate varlance and the direct labor efficlency varlance.
Complete this question by entering your answers in the tabs below.
Required 2
Compute the direct materials price and quantity variances.
Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

4pts Using Figure 2 Below solve for the radius OC Note segment OC AC 8...

Geometry
Q

You are reading a research study where the researchers are investigating osteoarthritis pain. In the study,...

Advance Math
Q

Correlation - Do you think there would be a positive correlation between a placement test score...

Statistics
Q

You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of...

Finance
Q

which type of the dc generators has the poorest voltage regulation

Electrical Engineering
Q

Prove that if two non-equal letters are interchanged in a ISBN code word the error will...

Advance Math
Q

44 180 Mark for Review Across a metallic conductor of non uniform cross section a...

Physics
Q

Real Time Data Analysis Exercise Consider the following data for the United States A the...

Basic Math
Q

4. Determine the arbount of the adpuging eritor for bod debt espenve. Adjusted Batance Accounts...

Accounting
Q

The accountant for Mandarin Company is preparing the company's statement of cash flows for the...

Accounting
Q

14. Espirit de corps means A. O union is strength B. O service is our...

Accounting
Q

iSqFt - The industry... Employee Portal elkansive Problem PRRO O2 OI PART. 1...

Accounting