Question: Advanced Micro Devices develops high - performing computing products. Assume one of its microprocessors has a standard labor time of 0 . 2 5 hour

Advanced Micro Devices develops high-performing computing products. Assume one of its microprocessors has a standard labor time of 0.25 hour and a standard labor rate of $20 per hour. During February, the following activities pertaining to direct labor for the microprocessor were recorded:
Direct labor hours used64,000Direct labor cost$1,248,000Units of the microprocessor manufactured250,000
(a) Determine the labor rate variance.
$Answer 1Answer 2FU
(b) Determine the labor efficiency variance.
$Answer 3Answer 4FU
(c) Determine the total flexible budget labor cost variance.
$Answer 5Answer 6FU
Answer 4UF
total materials variance
c. How much of the total variance was related to the price paid to purchase the materials?
$Answer 5
Answer 6UF
d. How much of the difference between the answers to requirements (a) and (b) was related to the quantity of materials used? (Hint: Compute materials quantity variance.)
$Answer 7
Answer 8UF

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