Need price variance, quantity variance and total variance; rate variance, efficiency vairance and total labor...
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Need price variance, quantity variance and total variance; rate variance, efficiency vairance and total labor variance; s[ending variance, efficiency variance and total variable overhead variance.
Comprehensive Variance Analysis [LO8-4. LO8-5, LO8-61 Naciones Corporation makes a product with the following standard costs: Standards rice or Quantity or Rate $3.00 per pound $17.00 per hour Direct materials 9.2 pounds 0.3 hours 0.3 hours Direct labor ariable manufacturing overhead (based on direct labor-hours) Total $ 3.00 per hour The company reported the following results concerning this product in April. Actuals Actual output Raw materials used in production Purchases of raw materials Actual Direct labor-hours Actual cost of raw material purchases Actual direct labor cost Actual varible overhead cost 8,800 units 78,150 pounds 85,300 pounds 2,560 hours 240,520 39.424 6,912 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased
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ble overhead variance.