Business, 15.08.2020 21:01 Daisysolis136

The following actual and standard cost data for direct material and direct labor relate to the production of 4,000 units of product: Actual Cost Standard Cost
Direct material 3,900 lbs. $5.30 4,000 lbs. $5.10
Direct labor 6,200 hrs, $8.40 6,000 hrs. $8.70
Determine the following variances:
Materials Variances
Actual cost:
Split cost:
Standard cost:
A. Materials price
B. Materials efficiency
Labor Variances
Actual cost:
Split cost:
Standard cost:
C. Labor rate
D. Labor efficiency

Answers: 3

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The following actual and standard cost data for direct material and direct labor relate to the produ...