Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exerclse 8-12(algo) direct materlals and direct la

Exerclse 8-12(Algo) Direct materlals and direct labor varlances LO P3 Camila Company has set...

60.1K

Verified Solution

Question

Accounting

Exerclse 8-12(Algo) Direct materlals and direct labor varlances LO P3
Camila Company has set the following standard cost per unit for direct materlals and direct labor.
During June the company incurred the following actual costs to produce 8,500 units.
Direct naterials (121,800 pounds $3.70 per pound)
Direct labor (37,600 hours & $15.10 per hour)
AR = Actual Rate
SR= Standard Rate
AQ=Actual Quantity
SQ= Standard Quantity
AP= Actual Price
SP= Standard Price
AH= Actual Hours
(1) Compute the direct materlals price and quantity variances.
(2) Compute the direct labor rate varlance and the direct labor efficlency varlance.
Complete this question by entering your answers in the tabs below.
Required 2
Compute the direct materials price and quantity variances.
Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

N, N'-Dimethylformamide (DMF) is a commonly-used polar solvent. Its normal boiling point is 426K and is...

Physics
1.2K views

A steel ball of mass 0.770 kg is fastened to a cord that is 38.0 cm...

Physics
1.2K views

American football uses a field that is 100.0 yd long, whereas a soccer field is 100.0...

Biology
1.2K views

What group of microorganisms usually call the skin home?PseudomonasEscherichiaProteusStaphylococcusEnterobacteriaceae

Basic Math
1.2K views

The weight M of an object on the moon varies directly as its weight E...

Algebra
1.2K views

For a b R the transformation T R R defined by T x y 2x...

Algebra
1.2K views

What is the center of a circle whose equation is x y2 4x 8y 11...

Algebra
1.2K views

2 05 01 5 04 5 05 HC Part A Given cos 8 3 determine...

Algebra
1.2K views

Write the function shown in the graph to the right Write the function that describes...

Accounting
1.2K views

Please show formula used to get answer. ...

Accounting
1.2K views

Prepare a trial balance at October 31, 2022 BRAMBLE COMPANY, INC. Trial Balance Debit Credit...

Accounting
1.2K views

Need help with journal entries please. A B...