Question: Beta Electronics Ltd. Scenario: Standard Costing and Variance Analysis Data: Standard Costs: Direct Materials: $10 per unit Direct Labor: $5 per unit Variable Overhead: $3

Beta Electronics Ltd.

Scenario: Standard Costing and Variance Analysis

Data:

  • Standard Costs:
    • Direct Materials: $10 per unit
    • Direct Labor: $5 per unit
    • Variable Overhead: $3 per unit
  • Actual Costs:
    • Direct Materials: $12 per unit
    • Direct Labor: $6 per unit
    • Variable Overhead: $4 per unit
  • Production Volume: 10,000 units

Requirements:

  1. Calculate the direct materials price and quantity variances.
  2. Calculate the direct labor rate and efficiency variances.
  3. Calculate the variable overhead spending and efficiency variances.

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