Question: how do you do this? Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials :14 pounds
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Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials :14 pounds @ $3 per pound} S 42 Direct labor :3 hours 6 $15 per hour} 45 During June the company incurred the following actual costs to produce 8,200 units. Direct materials (116,900 pounds @ $2.75 per pound} $ 321,475 Direct labor (28,600 hours @ $15.15 per hour} 433,290 AR = Actual Rate SR = Standard Rate AQ = Actual Quantity 50 = Standard Quantity AP = Actual Price SP = Standard Price {1} Compute the direct materials price and quantity variances. {2} Compute the direct labor rate variance and the direct labor efciency variance. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, o no variance. Round "Rate per hour" answers to 2 decimal places.) Actual Cost Standard Cost
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