Question

Tykes Bykes has the following standard costs for its direct materials and direct labor in the production of tricycles: Direct materials 3 wheels at $ 0.50 each 1 metal frame at $ 2.50 each 1 handlebar set at $ 1.00 per set Direct labor 3 4 of an hour at $ 8.00 per hour
Actual results for each month of the first quarter are as follows:
Required:
Use a spreadsheet package.
A. Determine the direct materials price variance for each month for each material.
B. Determine the direct materials usage variance for each month for each material.
C. Determine the direct labor price variance for each month.


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  • CreatedMarch 25, 2015
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