Vader manufactures kaozies. The standard costs for the manufacture of the kaozies were as follows:...
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Vader manufactures kaozies. The standard costs for the manufacture of the kaozies were as follows: Standard Costs Actual Cost: Direct 1,500 pounds. at $15 2,000 pounds at materials $14.50 Direct labor "000 hrs. at $8 8,000 hrs. at $9 Factory Rates per labor hourr based on 100% of normal overhead capacity of 10,000 labor hrs. Variable cost, $4.20 $22,000 variable cost Fixed cost, $3.85 $38,500 xed cost REQUIRED: 1. Determine the direct materials price variance. direct materials quantity variance. and total direct materials cost variance. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. 3. Determine the variable factory overhead controllable variance. fixed factory overhead volume variance, and total factory overhead cost variance
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