Hart Company made shelves using pounds of wood costing $ The company's direct materials standards for one shelf are pounds of wood at $ per pound.
Exercise Algo Computing and analyzing materials variances LO P
Actual Quantity
Standard Quantity
Actual Price
SP Standard Price
Compute the direct materials price and quantity variances along with the total direct materials variance. Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.
Javon Company set standards of hours of direct labor per unit at a rate of $ per hour. During October, the company actually uses hours of direct labor at a $ total cost to produce units. In November, the company uses hours of direct labor at a $ total cost to produce units of product.
Actual Hours
Standard Hours
Actual Rate
Standard Rate
Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two months. Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.
November
PLEASE FILL IN TABLES SHOWN
