The following direct materials and direct labour data are for the operations of Blossom Manufacturing Company...

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The following direct materials and direct labour data are for the operations of Blossom Manufacturing Company for the month of August: Costs Quantities Actual labour rate $14 per hour Actual hours incurred and used 3,140 hours Actual materials price $95 per tonne Actual quantity of materials purchased and used 930 tonnes Standard labour rate $13 per hour Standard hours used 3,180 hours Standard materials price $96 per tonne Standard quantity of materials used 921 tonnes (a) Calculate the total, price, and quantity variances for materials and labour. Materials Price variance 2$ Quantity variance $ Total variance 2$ 2$ %24 %24 > > > The following direct materials and direct labour data are for the operations of Blossom Manufacturing Company for the month of August: Costs Quantities Actual labour rate $14 per hour Actual hours incurred and used 3,140 hours Actual materials price $95 per tonne Actual quantity of materials purchased and used 930 tonnes Standard labour rate $13 per hour Standard hours used 3,180 hours Standard materials price $96 per tonne Standard quantity of materials used 921 tonnes (a) Calculate the total, price, and quantity variances for materials and labour. Materials Labour $ $ $ %24 The following direct materials and direct labour data are for the operations of Blossom Manufacturing Company for the month of August: Costs Quantities Actual labour rate $14 per hour Actual hours incurred and used 3,140 hours Actual materials price $95 per tonne Actual quantity of materials purchased and used 930 tonnes Standard labour rate $13 per hour Standard hours used 3,180 hours Standard materials price $96 per tonne Standard quantity of materials used 921 tonnes (a) Calculate the total, price, and quantity variances for materials and labour. Materials Price variance 2$ Quantity variance $ Total variance 2$ 2$ %24 %24 > > > The following direct materials and direct labour data are for the operations of Blossom Manufacturing Company for the month of August: Costs Quantities Actual labour rate $14 per hour Actual hours incurred and used 3,140 hours Actual materials price $95 per tonne Actual quantity of materials purchased and used 930 tonnes Standard labour rate $13 per hour Standard hours used 3,180 hours Standard materials price $96 per tonne Standard quantity of materials used 921 tonnes (a) Calculate the total, price, and quantity variances for materials and labour. Materials Labour $ $ $ %24

Answer rating: 100% (QA)

Material Labor a Price variance b quantity variance a b total vari... View the full answer