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Compute the direct materials price and quantity...

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Accounting

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Compute the direct materials price and quantity variances and identify each as favorable or unfavorable. A company reports the following information for its direct labor: AH=ActualHoursSH=StandardHoursAR=ActualRateSR=StandardRate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable. [The following information applles to the questions displayed below] The fixed budget for 21,300 units of production shows sales of $511,200; variable costs of $63,900; and fixed costs of $142,000. The company's actual sales were 26,000 units at $82,000. Actual variable costs were $113,900 and actual fixed costs were $134,000, Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)

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