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that all materials purchased during the period wony & Variance Analysis (15 Points) Rosita Enterprises...

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Accounting

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that all materials purchased during the period wony & Variance Analysis (15 Points) Rosita Enterprises recently experienced a fire, forcing the company to use incomplete information analyze operations. Consider the following data and assume that all materials purchased dunn were used in production: Direct materials: Standard price per pound: ................ Actual price per pound: Price variance: Total of direct-material variances: $2.000F ... $20.000F . Direct labor Actual hours worked: Actual rate per hour. Efficiency variance: ... $28,000F Total of direct-labor variances: ..... $12,000U Rosita completed 12,000 units. .. 40000 $15 Required: In the appropriate section of the Answer Book, please answer the following: a. Determine the actual materials used Materials Used b. Determine the direct-material quantity variance Materials Quantity Variance c. Determine the direct-labor rate variance Labor Rate Variance d. Determine the standard labor rate per hour Standard Labor Rate per Hour e. Determine the standard labor time per finished unit Standard Labor Time per Unit

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