Lucia Company has set the following standard cost per unit for direct materials and direct labor.
Direct materials pounds a $ per pound
$
Direct labor hours a $ per hour
During May the company incurred the following actual costs to produce units.
Direct materials pounds @ $ per pound
$
Direct labor hours @ $ per hour
AR Actual Rate
Standard Rate
Actual Quantity
Standard Quantity
Actual Price
Standard Price
Actual Hours
Standard Hours
Compute the direct materials price and quantity variances.
Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.
Compute the direct labor rate variance and the direct labor efficiency variance.
Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to decimal places.
PLEASE FILL TABLES SHOWN
