4. What was the materials price variance for March if there were no beginning or ending inventories of materials? (Input all amounts as positive values. Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Materials price variance Materials quantity variance Spending variance 5. What is the standard direct labor rate per hour? Standard variable manufacturing overhead cost for March Standard variable manufacturing overhead rate per direct labor- hour Standard direct labor-hours for March Standard direct labor cost for March Standard direct labor rate per hour

4. What was the materials price variance for March if there were no beginning or ending inventories of materials? (Input all amounts as positive values. Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Materials price variance Materials quantity variance Spending variance 5. What is the standard direct labor rate per hour? Standard variable manufacturing overhead cost for March Standard variable manufacturing overhead rate per direct labor- hour Standard direct labor-hours for March Standard direct labor cost for March Standard direct labor rate per hour

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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