Question: how did we get these answers ? Exercise 21-15: The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials

how did we get these answers ?

Exercise 21-15: The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used 16,000 lbs. @ $4.05 per pound Actual direct labor used 16,635 DLH @ $19 per DLH Actual units produced 30,000 Standards for direct materials 0.5 lb. @ $4.00 per pound Standards for direct labor 0.5 DLH @ $20 per DLH (1) What is the direct materials price variance? $800U unfavorable DM price variance (2) What is the direct materials quantity variance? $4,000U unfavorable DM quantity variance (3) What is the total direct materials cost variance? S4,800U unfavorable total DM cost variance (4) What is the direct labor rate variance? --$16,635F favorable DL rate variance (5) What is the direct labor efficiency variance? $32,7000 unfavorable DL efficiency variance (6) What is the total direct labor cost variance? $16,065U unfavorable total DL cost variance

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