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  3. during january, tasman ltd produced 7,800 valve un

During January, Tasman Ltd produced 7,800 valve units, and the accounting records indicated the following:...

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Accounting

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During January, Tasman Ltd produced 7,800 valve units, and the accounting records indicated the following: Direct material purchased Direct material used 25,000 kilograms $2.60 per kilogram 23,100 kilograms 40,100 hours$18 per hour Direct labour The valve has the following standard prtime costs: Direct material: 3 kilograms $2.50 per kilogram Direct labour hours: 5 hours$17 per hour Standard prime cost per unit $7.50 85.00 $92.50 Required For each month of January, calculate the following variances, indicating whether each is favorable or unfavorable: (a) Direct material price variance. (b) Direct materials quantity variance (c) Direct labaur rate variance (d) Direct labour efficiency (quantity) variance

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