pls help me A manufactured product has the following information...
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A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. e $8 per lb.) (3 hrs. e $16 per hr.) (3 hrs. @ $12 per hr.) Actual 43,000 lbs. $8.10 per lb. 21,000 hrs. $16.60 per hr. $262,400 7,100 AQ - Actual Quantity SQ - Standard Quantity AP = Actual Price SP - Standard Price Compute the direct materials price variance and the direct materials quantity variance Indicate whether each variance is fav unfavorable Standard Cost Actual Cost x AQ X SQ X SP AP $ 8.10 AQ 43,000 SP $ 0.00 43,000 X X $ 348,300 $ 344,000 $ 4,300 $ 0 $ 4,300 0
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