Question: a. What is the materials quantity variance? a-2. What is the materials price variance? b.What is the labor efficency variance? b-2. What is the labor
Revise the data in your worksheet to reflect the results for the subsequent period as shown below 1 Chapter 11: Applying Excel 3 Data 4 Exhibit 11-1:Standard Cost Card Inputs Standard Quantity Standard Price 6 Direct materials 7 Direct labor 8 Variable manufacturing overhead $4.00 22.00 per hour $6.00 per hour 3.0 pounds 0.50 hours 0.50 hours 10 Actual results: 1 Actual output 12 Actual variable manufacturing overhead cost$5,612 13 14 Actual direct materials cost 15 Actual direct labor cost 16 2.150 units Actual QuantityActual price 6.330 pounds 920 hours $4.5 pounds $21.7 per hour for unfavor a-1, whats the materials quantity variance? (indicate the effect of each variance by selecting "F" for favorable, The amount of the matenals quantity vanance
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