Question: Please compute the (1)direct materials price variance, (2)direct materials quantity variance, (3)direct labor rate variance, (4) direct labor efficiency hours variance. Thank you! Ruth Co.

Please compute the (1)direct materials price variance, (2)direct materials quantity variance,

Please compute the (1)direct materials price variance, (2)direct materials quantity variance, (3)direct labor rate variance, (4) direct labor efficiency hours variance. Thank you!

Ruth Co. uses a standard costing system. Pertinent standard costs for one unit are as follows: Standard Cost per Unit Direct Materials 2 yards at $ 4 per yard $16.00 Direct Labor .4 hour at $12 per hour 6.00 During the year it produced and sold 20,000 units and purchased 40,500 yards of direct materials at $4.10 per yard. The average labor rate was $12.25 per hour and 7,700 direct labor hours were worked

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