seagrass Inc. is a manufacturer of lead crystal jars. During October, they made 4,000 jars...
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seagrass Inc. is a manufacturer of lead crystal jars. During October, they made 4,000 jars and gathered the following data: Direct materials cost standard $0.50 per pound of glass
Direct materials efficiency standard 0.7 pounds per jar
Actual amount of pounds used 2,000 pounds
Actual cost of pounds used $2,500
Direct labor cost standard $12.00 per DLHr
Direct labor efficiency standard 0.40 DLhr per jar
Actual amount of direct labor hours 2,500 DLHr
Actual cost of direct labor $2.500 $35,000
a. Calculate the direct materials price variance. Indicate favorable or unfavorable.
b. calculate the direct materials efficiency variance. Indicate favorable or unfavorable.
c. calculate the direct labor price variance. Indicate favorable or unfavorable.
d. calculate the direct labor efficiency variance. Indicate favorable or unfavorable.
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