Actual Cost of Direct Materials $ 225,000 Standard Cost of Direct Materials $ 224,800 Actual Materials Used 30 Standard Materials Used 31 Actual Direct Labor Rate Standard Labor Rate ՄՌ Դ Actual Hours Worked $ 15.50 $ 15.00 45 Standard Hours Worked 40 40 Calculate Materials Variances: Materials Price Variance Materials Quantity Variance Calculate Labor Variances: Labor Rate Variance Labor Efficiency Variance Amount Favorable/ Unfavorable
Actual Cost of Direct Materials $ 225,000 Standard Cost of Direct Materials $ 224,800 Actual Materials Used 30 Standard Materials Used 31 Actual Direct Labor Rate Standard Labor Rate ՄՌ Դ Actual Hours Worked $ 15.50 $ 15.00 45 Standard Hours Worked 40 40 Calculate Materials Variances: Materials Price Variance Materials Quantity Variance Calculate Labor Variances: Labor Rate Variance Labor Efficiency Variance Amount Favorable/ Unfavorable
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 3PA: Direct materials, direct labor, and factory overhead cost variance analysis Mackinaw Inc. processes...
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