(Solved by Expert Tutors) standard quantity or hours

direct

materials 7.4 ounces 8$ per ounce

direct labor .3 hours 16$ per hour

variable overhead .3 hours 7$ per hour

actual output 2200 units

raw materials used in production 16420 ounces

purchases of raw material 17900 ounces

actual direct labor hours 720 hours

actual cost of raw materials purchases $141410

actual direct labor cost $12528

actual variable overhead cost $5112

the company applies variable overhead on the basis of DLH

compute materials quantity variance

compute the materials price variance

compute the labor efficiency variance

compute the labor rate variance

compute the variable overhead efficiency variance

compute the variable overhead rate variance

 

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DATE ANSWERED

Apr 19, 2020

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