The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below: Standard Quantity Standard Price Standard or Hours or Rate Cost Direct materials 6.0 Direct labour 0.6 millilitres hours $ $ Materials price variance Materials quantity variance 0.30 per millilitre $ 1.80 During the most recent month, the following activity was recorded: 1. 22,500 millilitres of material was purchased at a cost of $0.25 per millilitre. 2. All of the material was used to produce 3,000 bottles of Clean-All. 3. 750 hours of direct labour time was recorded at a total labour cost of $9,000. Labour rate variance Labour efficiency variance 12.00 per hour Required: 1. Compute the direct materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) $7.20 2. Compute the direct labour rate and efficiency variances for the month. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).)

The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below: Standard Quantity Standard Price Standard or Hours or Rate Cost Direct materials 6.0 Direct labour 0.6 millilitres hours $ $ Materials price variance Materials quantity variance 0.30 per millilitre $ 1.80 During the most recent month, the following activity was recorded: 1. 22,500 millilitres of material was purchased at a cost of $0.25 per millilitre. 2. All of the material was used to produce 3,000 bottles of Clean-All. 3. 750 hours of direct labour time was recorded at a total labour cost of $9,000. Labour rate variance Labour efficiency variance 12.00 per hour Required: 1. Compute the direct materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) $7.20 2. Compute the direct labour rate and efficiency variances for the month. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).)

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Description: Please help me with show all calculation thanku The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below:Standard Quantityor HoursStandard Price Standardor RateCostmillilitresDirect materials 6.0Direc

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter9: Standard Costing: A Functional-based Control Approach

Section: Chapter Questions

Problem 20E: Jameson Company produces paper towels. The company has established the following direct materials...

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