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Exercise 10-6 Direct Materials and Direct Labor Variances (LO10-1, LO10-2) Huron Company produces a commercial cleaning compo

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Answer #1

Materials Price Variance = (SP-AP) *AQ

= (1.8 - 1. 7)*19250

= 1925 F

Materials Quantity Variance = (SQ-AQ) * SP

= (2500*7.1 - 19250)*1.8

= 2700 U

Labor Rate Variance = (SR-AR) * AH

= (12 - 5200/400)*400

= 400 U

Labor efficiency variance = (SH-AH) *SR

= (2500*0.2 - 400)*12

= 1200 F

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