The following information relates to production activities of Mercer Manufacturing for the year.
Actual direct materials used
Actual direct labor used
Actual units produced
Standard quantity and price per unit for direct materials
Standard quantity and rate per unit for direct labor
pounds at $ per pound
hours at $ per hour
pound at $ per pound
hour at $ per hour
AR Actual Rate
Standard Rate
Actual Quantity
Standard Quantity
Actual Price
Standard Price
Compute the direct materials price and quantity variances.
Compute the direct labor rate and efficiency variances.
Complete this question by entering your answers in the tabs below.
Compute the direct materials price and quantity variances.
Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.
