Smithson, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.7...

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Smithson, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.7 pound per glass at a cost of $0.40 per pound. The actual result for one month's production of 7,400 glasses was 1.2 pounds per glass, at a cost of $0.20 per pound. Calculate the direct materials cost variance and the direct materials efficiency variance. Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). Actual Cost Standard Cost ) Actual Quantity = Direct Materials Cost Variance ) = boln Clear all Check onewor Johnson, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.5 hour per glass, at a cost of $13 per hour. The actual results for one month's production of 6,000 glasses were 0.4 hours per glass, at a cost of $12 per hour. Calculate the direct labor cost variance and the direct labor efficiency variance. Select the formula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable (F) or unfavorable (U). Actual Cost Standard Cost ) Actual Quantity Direct Labor Cost Variance S Get more help Clear all Check answer Smithson, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.7 pound per glass at a cost of $0.40 per pound. The actual result for one month's production of 7,400 glasses was 1.2 pounds per glass, at a cost of $0.20 per pound. Calculate the direct materials cost variance and the direct materials efficiency variance. Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). Actual Cost Standard Cost ) Actual Quantity = Direct Materials Cost Variance ) = boln Clear all Check onewor Johnson, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.5 hour per glass, at a cost of $13 per hour. The actual results for one month's production of 6,000 glasses were 0.4 hours per glass, at a cost of $12 per hour. Calculate the direct labor cost variance and the direct labor efficiency variance. Select the formula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable (F) or unfavorable (U). Actual Cost Standard Cost ) Actual Quantity Direct Labor Cost Variance S Get more help Clear all Check answer