In July the company produced 3300 units using

by | Mar 18, 2020 | Uncategorized

  

Standard Quantity of Hours Standard Price or Rate

Direct Materials 3.5 pounds $3.00

Direct Labor 0.8 hours $19.00

Variable Overhead 0.8 hours $8.00

In July the company produced 3300 units using 12,240 pounds of direct material and 2760 direct labor hours. During the month the company purchased 13000 pounds of the direct material at a cost of 35100. The actual direct labor cost was 51,612 and the actual variable overhead cost was 20,148. The company applies variable overhead on the basis of direct labor hours. The direct materials purchases variance is computed when the materials are purchased.

Part a) The labor efficiency variance for July is?

Part b) The labor rate variance for July is?

Part c) The variable overhead efficiency variance for July is?

Part d) The variable overhead rate variance for July is?

  

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