Comprehensive Problem $5$ Direct Materials Price Variance:

Enter the standard price to two decimal places.

Direct Materials Quantity Variance:

Determine and interpret the direct labor rate and time variances for the two departments. Do not round hours. Enter the costs in dollars and cents.

Direct Labor Rate Variance:

Direct Labor Time Variance: standard quantities, multiplied by the standard price. What caused the price and quantity variances?

hours, multiplied by the standard rate per hour. What caused the rate and time variances?

and volume variances?

The variances compare the actual cost and the standard cost of actual production for the month.

Part C:

and $B$ as well as use answers from those parts when completing this section.

per case. There is a selling commission of $$20$ per case. The January direct materials, direct labor, and factory overhead costs are as follows:

DIRECT MATERIALS

DIRECT LABOR

FACTORY OVERHEAD

Part C$-$August Variance Analysis

$1,500$ actual cases produced during August, which was $250$ more cases than planned at the beginning of the month. Actual data for August were as follows:

less than standard.

Required:

Enter subtracted amounts with minus sign.

Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.