Anne's Arbors has the following budget and actual results for May: Budget Unit production Direct labor...

  

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Anne's Arbors has the following budget and actual results for May: Budget Unit production Direct labor hours 9,000 11,250 15,750 Actual 1. Material price variance: 2. Material use variance: 3. Direct labor rate variance: 9,600 11,550 Materials used, feet Standard labor rate is $12 per hour; standard material price is $4.50 per foot. Actual wages were $140,250; actual material purchases were 17,500 pounds for $77,160. 16,100 TO-DO: Calculate the following four variances (material price variance, material use variance, direct labor rate variance, direct labor efficiency variance), and indicate if each is favorable or unfavorable. Please show your work 4. Direct labor efficiency variance: Anne's Arbors has the following budget and actual results for May: Budget Unit production Direct labor hours 9,000 11,250 15,750 Actual 1. Material price variance: 2. Material use variance: 3. Direct labor rate variance: 9,600 11,550 Materials used, feet Standard labor rate is $12 per hour; standard material price is $4.50 per foot. Actual wages were $140,250; actual material purchases were 17,500 pounds for $77,160. 16,100 TO-DO: Calculate the following four variances (material price variance, material use variance, direct labor rate variance, direct labor efficiency variance), and indicate if each is favorable or unfavorable. Please show your work 4. Direct labor efficiency variance:

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lets calculate the variances step by step 1 Material Price Variance Material Price Variance Actual Q... View the full answer