Wilson Manufacturing has provided you with the following variances for the month of March: Direct materials...
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Wilson Manufacturing has provided you with the following variances for the month of March: Direct materials price variance Direct materials quantity variance $3,090 Favorable (4,600) Unfavorable (3,800) Unfavorable (9,400) Unfavorable Direct labor rate variance Direct labor efficiency variance Required: a. Calculate the direct materials spending variance. Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). b. Calculate the direct labor spending variance Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). Wilson Manufacturing has provided you with the following variances for the month of March: Direct materials price variance Direct materials quantity variance $3,090 Favorable (4,600) Unfavorable (3,800) Unfavorable (9,400) Unfavorable Direct labor rate variance Direct labor efficiency variance Required: a. Calculate the direct materials spending variance. Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). b. Calculate the direct labor spending variance Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).
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a To calculate the direct materials spending variance we need to add the direct materials price variance and the direct materials quantity variance Di... View the full answer
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Posted Date:
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