Sweetly Sent Inc manufactures scented pillar candles Its standard cost
Sweetly Sent, Inc., manufactures scented pillar candles. Its standard cost information for the month of February follows:


Sweetly Sent has the following actual results for the month of February:
Number of units produced and sold ....... 38,500
Number of ounces of wax purchased and used ... 583,000
Cost of wax used .............. $ 37,895
Number of labor hours worked ......... 9,900
Direct labor cost .............. $136,620
Variable overhead cost ............ $ 3,630
Fixed overhead cost ............. $ 9,900

Required:
Calculate the following for Sweetly Sent:
1. Direct materials price, quantity, and spending variances.
2. Direct labor rate, efficiency, and spending variances.
3. Variable overhead rate, efficiency, and spendingvariances.
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help