Question: I keep getting Labour Variances rate variance wrong. Its not $15266 or $15218. Materials and Labour Variances Skold Company produces slacks. Materials for the slacks

I keep getting Labour Variances rate variance wrong. Its not $15266 or $15218.

I keep getting Labour Variances rate variance
Materials and Labour Variances Skold Company produces slacks. Materials for the slacks are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next batch of materials to be coloured. The following standards for changeover for a given batch have been established: Direct materials (2.4 kg. @ $0.95) $2.28 Direct labour (0.75 hr. @ $7.40) 5.55 Standard prime cost of a changeover $7.83 During the year, 79,500 kilograms of material were purchased and used for the changeover activity. There were 30,000 batches produced, with the following actual prime costs: Direct materials $72,450 Direct labour $181,357 (for 22,450 hrs.) Required: Compute the materials and labour variances associated with the changeover activity, labelling each variance as favourable or unfavourable. Enter all amounts as positive numbers. Material Variances Price variance 3,075.15 Favourable Usage variance 7,125 Unfavourable Labour Variances Rate variance 15,266 X Unfavourable Efficiency variance 370 V Favourable

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