Chapter 23 End-of-Chapter (EOC) Project Complete this project as a separate word or pdf file Submit as a Canvas Assignment at the course website Clearly Print Your Name and Assignment Name at the top of each page

Cave Creek Industrial Works has the following standards for one of its products.

Direct Material (3ft @ $4) $12.00 Direct Labor (.4hr @ $12) $ 4.80

During the most recent year, the following actual results were recorded.

Production 6,000 Units Direct Material (11,750ft @ $5.20) $61,100 Direct Labor (2,900Hr @ $10.20) $29,580

1. Calculate the Materials Price Variance 2. Calculate the Materials Usage Variance 3. Calculate the Labor Rate Variance 4. Calculate the Labor Efficiency Variance