Question: all one question please help A1 f Accessibility tab summary: Standard costs for Lucia Company are presented in cells D3 to F5; Actual units are

all one question please help
all one question please help A1 f Accessibility tab summary: Standard costs
for Lucia Company are presented in cells D3 to F5; Actual units
are presented in cells D .D E F G H 1 2

A1 f Accessibility tab summary: Standard costs for Lucia Company are presented in cells D3 to F5; Actual units are presented in cells D .D E F G H 1 2 Lucia Company has set the following standard cost per unit for direct materials and direct labor. Standard Standard Standard 3 Standard costs: Quantity Price: Cost 4 Direct materials (15 pounds @ $4 per pound) $4.00 $60 5 Direct labor (3 hours @ $15 per hour) $15.00 $45 6 7 9,000 During May the company incurred the following actual 8 costs to produce 9,000 units. Actual 9 Actual costs: Cost 10 Direct materials (138,000 pounds @ $3.75 per pound) $3.75 $517,500 11 Direct labor (31,000 hours @ $15.10 per hour) $15.10 468,100 12 13 AR Actual Rate 14 SR Standard Rate 15 16 AQ-Actual Quantity 17 5Q-Standard Quantity 18 AP-Actual Price 19 SP-Standard Price 20 21 Required: 22 (1) Compute the direct materials price and quantity variances. 23 24 (Use cells A4 to E11 from the given information to complete this question and Indicate the effect of each varianra hu salartina f www 15 3 Actual Units Actual Quantity 138,000 31,000 Actual Price: & Accessibility tab summary: Standard costs for Lucia Company are presented in cells D3 to F5; Actual units are presented in cells D7 to F7; and actual costs K J L M G F H D 21 Required: 22 (1) Compute the direct materials price and quantity variances. 23 24 (Use cells A4 to E11 from the given information to complete this question and Indicate the effect of each variance by selecting favorable, unfavorable, or no 25 variance) Actual Cost Standard Cost 32 Variance Variance 33 Price variance 34 Quantity variance 35 Total direct materials variance 37 (2) Compute the direct labor rate variance and the direct labor efficiency variance. 38 39 (Use cells A4 to E11 from the given information to complete this question and indicate the effect of each variance by selecting favorable, unfavorable, or no 40 variance. Actual Cost Standard Cost Variance Variance A1 ARAZAERSARFARXARANG79934* 26 30 36 Calibri 11 BEB www Merge General A1 X Accessibility tab summary: Standard costs for Lucia Company are presented in cells D3 to F5; Actual units are presented in cells D7 to F7; and actual co A D F G H 1 L M 33 Price variance 34 Quantity variance 35 Total direct materials variance 36 37 (2) Compute the direct labor rate variance and the direct labor efficiency variance. 38 39 (Use cells A4 to E11 from the given information to complete this question and Indicate the effect of each variance by selecting favorable, unfavorable, or no 40 variance.) 41 42 Actual Cost Standard Cost 43 44 Variance Variance 45 46 47 Rate variance 48 Efficiency variance 49 Total direct labor variance 50 51

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