Question

Check my world The following information describes production activities of Mercer Manufacturing for the year. 02:26:34 Actua
Ches - ALLO NOVE SR = Standard Rate (1) Compute the direct materials price and quantity variances. (2) Compute the direct lab
- RLG ROVE SR Standard Rate (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate
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Answer #1
Direct materials
Actual cost Standard cost
AQ * AP AQ * SP SQ * SP
23,000 * 4.4 23000 * 4.2 18000 * 4.2
101200 96600 75600
4600 21000
direct materials price variance 4600 U
direct materials qty variance 21000 U
total direct materials variance 25600 U
Direct labor
Direct labor
Actual cost Standard cost
AH * AR AH * SR SH * SR
6,580 * 19.7 6580 * 20.7 6000 * 20.7
129626 136206 124200
6580 12006
direct labor rate variance 6580 F
direct labor efficiency variance 12006 U
total direct labor variance 5426 U
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