Question: i would like to know how do we get the actual quantity, actual price, standard quantity and standard price for direct material also i would
tures recyclable soft-drink cans. A unit of production is a tion-engineering staft and Exercise 10-25 Straightloward Computation of Variances (LO 10-1, 10-3 Canandaigua Container Company manufactures case of 12 dozen cans. The following standards have been set by the produc the controller Direct laboc: Direct material Quantity, .30 hour Rate, S13 per hour Quantity, 5 kilograms Price, $1.10 per kilogram Actual material purchases amounted to 25,000 kilo the production of 4,000 units were as follows: grams at $1.20 per kilogram. Actual costs incurred in Dipect labor Direct material: $22,500 for 1,500 hours $26,400 for 22,000 kilograms Required: and quantity variances, the direct variances. Indicate 1. Use the variance formulas to compute the direct-material price material purchase price variance, and the direct-labor rate and efficiency whether each variance is favorable or unfavorable
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