Actual wage per hour $16.69 Actual hours for the week (40 employees × 36 1,440 hrs. hours) Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. Direct materials standard cost per unit 22.50 Direct labor standard cost per unit 5.40 V Total standard cost per unit 27.90 b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance 3,754 V Unfavorable Direct Materials Quantity Variance 5,463 V Unfavorable Total Direct Materials Cost Variance 9,217 V Unfavorable c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Labor Rate Variance 706 Unfavorable Direct Labor Time Variance -19,975 Favorable V Total Direct Labor Cost Variance -19,269 Favorable
Actual wage per hour $16.69 Actual hours for the week (40 employees × 36 1,440 hrs. hours) Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. Direct materials standard cost per unit 22.50 Direct labor standard cost per unit 5.40 V Total standard cost per unit 27.90 b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance 3,754 V Unfavorable Direct Materials Quantity Variance 5,463 V Unfavorable Total Direct Materials Cost Variance 9,217 V Unfavorable c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Labor Rate Variance 706 Unfavorable Direct Labor Time Variance -19,975 Favorable V Total Direct Labor Cost Variance -19,269 Favorable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
I just need help with the last part which is part C
Transcribed Image Text:Actual wage per hour
$16.69
Actual hours for the week (40 employees × 36
1,440 hrs.
hours)
Required:
a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places.
Direct materials standard cost per unit
22.50
Direct labor standard cost per unit
5.40 V
Total standard cost per unit
27.90
b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus
sign and an unfavorable variance as a positive number.
Direct Materials Price Variance
3,754 V
Unfavorable
Direct Materials Quantity Variance
5,463 V
Unfavorable
Total Direct Materials Cost Variance
9,217 V
Unfavorable
c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an
unfavorable variance as a positive number.
Direct Labor Rate Variance
706
Unfavorable
Direct Labor Time Variance
-19,975
Favorable V
Total Direct Labor Cost Variance
-19,269
Favorable
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