Question

hi i just need part C. the total materials variance answered and part F. the total labor variance answered. please show work

Problem 4 (Supplemental Problem w) - Compute materials and labor variances Zoller Company produces a dark chocolate candy bar. Recently, the company dopled the following standards for one bar of candy Direct materials (6.3 oz @ $0.20) $ 1.26 Direct labor (0.08 hr. @ $18.00) $ 1.44 Standard prime cost $ 2.70 During the first week of operation, the company experienced the following actual results: a Bars produced: 143.000 b. Ounces of direct materials purchased: 901,200 ounces at 50.21 per Ounce. c. There are no beginning or ending inventories of direct materials. d. Direct labor: 11,300 hours at $17.30. Required: (circle For U to indicate whether the wariance is favorable or unfavorable) 9012 60 a. Compute the materials price variance: b. Compute the materials quantity usage variance: For U Compute the total materials variance: 7910 d. Compute the labor rate variance: e. Compute the labor efficiency variance: or Compute the total labor variance: ***You must show your work to receive credit *** a) (0.2*0.21) 901200 , 9012 143.00 x 63) b) 1901,200 9601960) 1.20 300x 0.20 -60 C) (0,2*901186-(0.21*901200) 180237.2-1892527 d) (17.30-18.00) 11,300 -0.70 X 11,300 -7910 e) (11.1300-11,440 x 18.00 (-140) X HOU - 2520t

Answer 1

A)Material price varience=actual quantity (standardprice*actualprice)
A Material Price varrence (MPV). IPV = Actual quantity x (Standard Pricex Actual Price) = 901200x( 0.20 -0.21) = 9012 s favourable (0) B) Material usage varnance (mwv) MWV = Standard Ubst Price x (8td Usage - Actual Usage, = 0.20 x 900 900 - 9001200) = 0.20 X-300 2 60 Ub favourable (U) = Total Material wariance Actual cest of Abor - Stocat of cabo actual cost of Maternal – Std Carof Materal = (901200 x0.21)-900900X0-20) 189252 - 180180 Z 9072 favourable (F)

D LABOUR RATE VARIANCE (ARV) z Actual time (Standard rate -Actharot = 11300x( 18-17.30) z 7910 Favourable (F) N N (E) LABOUR EFFICIENCY VDRIENCE LUV Standard rate & (Standard time - Actual time z 18 x (11440 - 11300) z 18x 140 - 2520 Favourable (F) (E2 TOTAL LABOUR VARIENCE (Actual xActual rate) - ( sta tome x Stdnate) 2 (11300 x 17-30) -(1-440 X 18) 2 195490 - 205920 2 10.430 Unfavourable (0) N