| During June, Danby Company’s material purchases amounted to 6,600 pounds at a price of $7.9 per pound. Actual costs incurred in the production of 2,300 units were as follows: |
| Direct labor: | $131,835 | ($18.7 per hour) |
| Direct material: | $37,920 | ($7.9 per pound) |
| | ||
| The standards for one unit of Danby Company’s product are as follows: |
| Direct labor: | Direct material: |
| Quantity, 3 hours per unit | Quantity, 2 pounds per unit |
| Rate, $18.6 per hour | Price, $7.6 per pound |
| | |
| Required: |
| Compute the direct material price and quantity variances and the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable. Don't use plagiarized sources. Get Your Custom Essay on material and labor variance 424014 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page |
| Direct material price variance | $ | (Click to select)UnfavorableNoneFavorable |
| Direct material quantity variance | $ | (Click to select)UnfavorableNoneFavorable |
| Direct labor rate variance | $ | (Click to select)UnfavorableFavorableNone |
| Direct labor efficiency variance | $ | (Click to select)FavorableUnfavorableNone |
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