b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to two decimal places, if necessary. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct materials price variance Unfavorable Direct materials quantity variance Favorable Total direct materials cost variance Unfavorable c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct labor rate variance Favorable Direct labor time variance Unfavorable Total direct labor cost variance Favorable
b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to two decimal places, if necessary. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct materials price variance Unfavorable Direct materials quantity variance Favorable Total direct materials cost variance Unfavorable c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct labor rate variance Favorable Direct labor time variance Unfavorable Total direct labor cost variance Favorable
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 1PA: Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made...
Related questions
Question
![b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to two decimal places, if
necessary. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Direct materials price variance
Unfavorable
Direct materials quantity variance
Favorable
Total direct materials cost variance
Unfavorable
c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and
an unfavorable variance as a positive number.
Direct labor rate variance
Favorable
Direct labor time variance
Unfavorable
Total direct labor cost variance
Favorable](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b25dda4-3b1e-4b53-b423-003310ecd14a%2F648487ae-5355-4938-bb4e-3152ad3ca658%2Fx9ysxz8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to two decimal places, if
necessary. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Direct materials price variance
Unfavorable
Direct materials quantity variance
Favorable
Total direct materials cost variance
Unfavorable
c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and
an unfavorable variance as a positive number.
Direct labor rate variance
Favorable
Direct labor time variance
Unfavorable
Total direct labor cost variance
Favorable
![Direct Materials and Direct Labor Variance Analysis
Abbeville Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 90 employees. Each employee presently provides 36
hours of labor per week. Information about a production week is as follows:
Standard wage per hr.
$15.00
Standard labor time per faucet
40 min.
Standard number of Ib. of brass
3 lb.
Standard price per Ib. of brass
$2.40
Actual price per Ib. of brass
$2.50
Actual Ib. of brass used during the week
14,350 Ib.
Number of faucets produced during the week
4,800
Actual wage per hr.
$14.40
Actual hrs. for the week
3,240 hrs.
Required:
a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal plaçes.
Direct materials standard cost per unit
Direct labor standard cost per unit
Total standard cost per unit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b25dda4-3b1e-4b53-b423-003310ecd14a%2F648487ae-5355-4938-bb4e-3152ad3ca658%2Ftp56ht_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Direct Materials and Direct Labor Variance Analysis
Abbeville Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 90 employees. Each employee presently provides 36
hours of labor per week. Information about a production week is as follows:
Standard wage per hr.
$15.00
Standard labor time per faucet
40 min.
Standard number of Ib. of brass
3 lb.
Standard price per Ib. of brass
$2.40
Actual price per Ib. of brass
$2.50
Actual Ib. of brass used during the week
14,350 Ib.
Number of faucets produced during the week
4,800
Actual wage per hr.
$14.40
Actual hrs. for the week
3,240 hrs.
Required:
a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal plaçes.
Direct materials standard cost per unit
Direct labor standard cost per unit
Total standard cost per unit
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