Question: I s this variance analysis correct?Milestone Three - Variance Analvsis Data for Variance Analysis: Labor Materials Variances for Collar Sales Direct Labor Time Variance (

Is this variance analysis correct?Milestone Three - Variance Analvsis
Data for Variance Analysis:
Labor
Materials
Variances for Collar Sales
Direct Labor Time Variance
(Actual Hours - Standard Hours)x Standard Rate
Direct Labor Rate Variance
(Actual Rate - Standard Rate)x Actual Hours
Direct Materials QuantityEfficiency Variance
(Actual Quantity -Standard Quantity)Standard Price
Direct Materials Price Variance
(Actual Price - Standard Price)Actual Quantity
Unfavorable: 180-16016=320.00
Unfavorable: 16.50-16.00180=90.00
Unfavorable: 720-6609.10=1092.00
Unfavorable: 10-9.10720=648.00
I s this variance analysis correct?Milestone

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