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Camila Company has set the following standard cost per unit for direct materials and direct labor Direct materials $(14$ pounds @ $$4$ per pound$)$ Direct labor $(4$ hours @ $$16$ per hour$)$

$$56$

$64$

During June the company incurred the following actual costs to produce $8,700$ units.

Direct materials $(124,500$ pounds @ $$3\mathrm{.}80$ per pound$)$

$$473,100$

$623,070$

$AR=$ Actual Rate

$SR=$Standard Rate

$AQ=$ Actual Quantity

$SQ=$ Standard Quantity

$AP=$ Actual Price

$SP=$ Standard Price

$(1)$ Compute the direct materials price and quantity variances.

$(2)$ Compute the direct labor rate variance and the direct labor efficiency variance.

Complete this question by entering your answers in the tabs below.

Required $2$

Compute the direct materials price and quantity variances.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.

Mc

craw

Hill

Prex

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