$(10)$

Exercise $21-15($Static$)$ Direct materials and direct labor variances LO P$3$

The following information relates to production acsivities of Mercer Manfacturing for the year

Actual direct materials vied

Actual direct labor used

Actuat units produced

Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor

$AR=$Actual Rate

$SR=$ Standard Rate

AO $=$ Actual Quantity

$SQ=$ Standard Quantity

$AP=$ Actual Price

SP $=$ Standerd Price

$(7)$ Compufe the direct materishs price and quantity variancies.

$(2)$ Compute the direct labor tate and efliciency variances.

$18,$ ave gounds at

$14.$as per pound

$35,635$ hsurs at $$19$ per hour

$30,200$

a$\mathrm{.}5$ poind at $$4.$e$9$ per gound

Q$.5$ hour at $120$ per haur

Complete this question by entering yeor answers in the tabs belene.

Compute the direct materials price and quantity varianoes.

hote: Indicate the effect of each variance by seiecting favorath, untevoribis, or mo varlanct.

$\backslash$table$[[$Actual Cont,,,$8,],[,,,,,,$