Question: Somevody show me answer? Please put correct answer in the underlined space provided. ABC Company manufactures a variety of circuit boards. The standard costs for

Somevody show me answer?

Somevody show me answer? Please put correct answer in the underlined space

Please put correct answer in the underlined space provided. ABC Company manufactures a variety of circuit boards. The standard costs for one of its products are as follows: Direct material 5.0 pounds @ $ 4.80 per pound Direct labor 2.2 hours @ $ 13.50 per hour Actual results for the year are given below: Finished units 210,000 units Direct labor 435,000 hours @ $ 13.20 per hour Direct material purchased 1,115,000 pounds @ $ 5.10 per pound Direct matenal used 1,110,000 pounds Required: Calculate the following variances and state if they are favorable or unfavorable. a) Direct material price variance {2.5 Marks) Favorable ,r Unfavorable b} Direct material usage variance {2.5 Marks) Favorable ,r Unfavorable c) Direct labor rate variance {2.5 Marks) Favorable i Unfavorable d) Direct labor efciency variance (2.5 Marks) Favorable ,r Unfavorable

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