Question: Please clearly provide all the calculations along with the solution. OR Option 2 The direct materials and direct labour standards for one bottle of Clean-All
OR Option 2 The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below Standard QuantityStandard Price Standard Cost $1.80 $7.20 or Hours or Rate Direct materials 6.0 millilitres 0.30 per millilitre Direct labour 0.6 hours $12.00 per hour During the most recent month, the following activity was record ed: a. 22,500 millilitres of material was purchased at a cost of $0.25 per millilitre. b. All of the material was used to produce 3,000 bottles of Clean-All. c 750 hours of direct labour time was recorded at a total labour cost of $9,000. Reguired a) Compute the direct materials price and quantity variances for the month. Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance)
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