Return to question Compute the direct materials price and quantity variances. (Do not round intermediate calculations.) Actual Cost AQx 17000x 15 points AQ AP SP sa SP . 17,000x 5,015x 7,140.00 680.00 60,060.00 901,800,900 Direct materials price variance Direct matenals quantity vanance Tolal direct materials variance Unfavorable 890.240,900 Unfavorable is 11.34 Unfavorable 109.820.000 Required 2 > Mc 1 of 1 902 /18/20 Type here to search Heturn to question Exercise 8-15 Direct materials and direct labor variances LO P2 The following information describes production activities of Mercer Manufacturing for the year 15 points Actual direct materials used Actual direct labor used Actual units produced 17,000 1bs. at $4.20 per ib. 5,550 hours for a total of $106,005 30, 030 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.00 per pound and 10 minutes of direct labor at $20.00 per hour AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price AH Actual Hours SH Standard Hours AR Actual Rate SR-Standard Rate 1 of 1 2 02 PM Hill avascipt: O Type here to search Return to ques SH = Standard Hours AR Actual Rate SR Standard Rate (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Indicate whether each variance is fav 15 points & Answer is not complete Complete this question by entering your answers in the tabs below Required 1 Required 2 Compute the direct materials price and quantity variances. (Do not round intermediate calculations.) AX Actual Cost SP APO - 17 000680 00 5015x 60.060 00 17 000x 7.140 00 3 11.560,000 121 380.000 Mc Graw 1 of 1 ascript Type here to search