Question: ( 1 ) Compute the direct materials price and quantity variances.Actual Cost - 3 4 5 0 0 1 2 0 0 0 Standard CostAQxAPAQxSQxSPxxxVariance

(1) Compute the direct materials price and quantity variances.Actual Cost-3450012000Standard CostAQxAPAQxSQxSPxxxVariance =Variance =Price varianceQuantity varianceTotal direct materials variance(2) Compute the direct labor rate variance and the direct labor efficiency variance.Actual Cost-3450012000Standard CostxxxxxxVariance =Variance =Direct labor rate varianceDirect labor efficiency varianceTotal direct labor variance

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