tableInputs,Standard Quantity,Standard PriceDirect materials,pounds,$per poundDirect labor,hours,$per hourVariable manufacturing overhead,hours,$per hour
tableActual results:,,,Actual output,,unitsActual variable manufacturing overhead cost,$
tableActual Quantity,Actual PriceActual direct materials cost,pounds,$per poundActual direct labor cost,hours,$per hour
Required:
Use the information above to calculate the variances.
Note: Use ABS formula for variances.
