calculate 1 The direct Material price Variance 2 Direct Material usuage or quantity varience 3:...
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calculate 1 The direct Material price Variance 2 Direct Material usuage or quantity varience 3: The labour price or rate variance Data for Q3,4,5,6,7 and 8 The Vernon Company has developed the following standards for one of their products. Direct materials: 20 pounds x $3 per pound Direct labor: 15 hours x $8 per hour Variable overhead: 15 hours x $2 per hour Budgeted volume for November was 10,000 units. The following activity occurred during November: Units Produced: 10,000 units Materials used: 210.000 pounds at $3.20 per pound Direct labor: 140,000 hours at $7.50 per hour Actual variable OH: $287,000
calculate
1 The direct Material price Variance
2 Direct Material usuage or quantity varience
3: The labour price or rate variance
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