From the following data, determine the total actual costs incurred for direct material, direct labor, and variable overhead.

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
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Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter10: Standard Costing And Variance Analysis
Section: Chapter Questions
Problem 28BEA: Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches Rath Company...
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Working With Variances
From the following data, determine the total
actual costs incurred for direct material, direct
labor, and variable overhead.
Direct material
Price variance
Quantity variance
Direct labor
Rate variance
Efficiency variance
Variable overhead
Spending variance
Efficiency variance
Standard Costs Variances
$150,000
Direct material
$
Direct labor
$
Variable overhead $
130,000
74,000
Actual Costs
0
0
0
3,000 U
4,000 F
1,400 U
1,800 U
1,000 F
600 U
Transcribed Image Text:Working With Variances From the following data, determine the total actual costs incurred for direct material, direct labor, and variable overhead. Direct material Price variance Quantity variance Direct labor Rate variance Efficiency variance Variable overhead Spending variance Efficiency variance Standard Costs Variances $150,000 Direct material $ Direct labor $ Variable overhead $ 130,000 74,000 Actual Costs 0 0 0 3,000 U 4,000 F 1,400 U 1,800 U 1,000 F 600 U
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