also, find its

direct material quantity variance

total material variance

direct labor price variance

direct labor efficiency variance

total labor variance

heres the clear picture

CRACK Waterways Continuing Problem 11 a 9 (Part Level Submission) Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not ideal" at this point, but the management is working toward that as a goal. At present, the company uses the following standards. Materials Item Per unit Cost Metal 1 lb. 63t per Ib. Plastic 12 02 $1.00 per lb. Rubber 4OZ B8C perib. Direct labor Item Per unit Cost Labor 15 min $8.00 per Predetermined overhead rate based on direct labor hours - 54.68 The January figures for purchasing, production, and labor are: The company purchased 231.000 pounds of raw materials in January at a cost of 78 a pound. Droduction used 231,300 pounds of raw materials to make 117.000 units in January Direct labor spent 10 minutes on each product at a cost of 57.70 per hour Overhead costs for January totaled 371,459 variable and $70,000 fixed Answer the following questions about standard costs non (a) Your answer is partially correct. Try again. by Study What is the materials price variance? (Round per unit calculations to 2 decimal places, ed. 1.25 and final answer to decimal places, s. 125) Materials price variance 180804 Forte Click if you would like to show Work for this question: Doen Show Work BAC Waterways Continuing Problem 11 a-g (Part Level Submission) Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not ideal" at this point, but the management is workin toward that as a goal. At present, the company uses the following standards. Materials Item Per unit Cost Metal 1 lb 63 perib Plastic 12 02 $1.00 per le Rubber 4OZ 500 per ib. Direct labor Item Per unit Cost Labor 15 min 30.00 per Predetermined overhead tate based on drect labor hours $4.68 The January figures for purchasing production, and laborate The company purchased 231,800 pounds of raw materials in January at a cost of 784 a pound. Production ved 231.000 pounds of raw materials to ab 112.000 units in January Direct labor spent 15 minutes on each product at a cost of $7.70 per hour Overhead costs for lary totaled 714 variable and 570,000 fixed Answer the following questions about standard ents (a) Your answer is partially correct. Try again. What is the materials price variance? (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answer to o decimal places, e.g. 125.) Materials price variance 180804 Favorable Click if you would like to Show Work for this question: Open Show Work