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use the chart to answer the 4 questions Standard Quantity...

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Accounting

use the chart to answer the 4 questions
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Standard Quantity and Cost Actual Results Direct materials.......... 6lbs.@$8 per lb.48,500lbs.@$8.10 per lb. Direct labor ............. 2 DLH@\$16 per DLH 15,700hrs. $16.50 per hr. Overhead ............. 2 DLH@ $12 per DLH $198,000 Units manufactured ..... 8,000 units Refer to the information in Exercise 238 and compute the (1) direct materials price variance and (2) direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. Refer to the information in Exercise 23-8 and compute the (1) direct labor rate variance and (2) direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable

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