Question: Inputs irect materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 9.10 1iters 0.60 hours Standard Price or Rate 8.70

 Inputs irect materials Direct labor Variable manufacturing overhead Standard Quantity or

Inputs irect materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 9.10 1iters 0.60 hours Standard Price or Rate 8.70 per 1iter $38.70 per hour s 7.60 per hour The company has reported the following actual results for the product for September: Actual output Raw materials purchased Actual cost f raw material, purchased Raw materials used in production Actual direct 1abor-hour3 Actual direct labor cost Actual variable overhead cost 11,300 unitS 104, 70o liters 929, 500 102,860 liters 6, 500 hours 255, 302 S 44,414 Required a. Compute the materials price variance for September b. Compute the materials quantity variance for September. C. Compute the labor rate variance for September. d. Compute the labor efficiency variance for September. e. Compute the variable overhead rate variance for September f. Compute the variable overhead efficiency variance for September

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!