please help Lucla Company hos set the following standard cost...

50.1K

Verified Solution

Question

Accounting

please help
image
Lucla Company hos set the following standard cost per unit for direct materials and direct labor: During May the company incurred the following actual costs to produce 8.900 units Darect eaterials (226, 2 vele pounds e 52 , 8e, per pound) binect laboc (2e, 200 hiourt 9 . 515.18 per hour) ( 456,620355,320 AR= Actual Rate SR = Standard Rate AQ=Actual Quantity SQ= Standard Quantity AP= Actual Price. SP= Standard Price (1) Compute the direct-materials price and quentity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below

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