Compute the total, price, and quantity variances for materials and labor.
The following direct materials and direct labor data pertain to the operations of
Batista Manufacturing Company for the month of August.
Actual labor rate $13 per hour Actual hours incurred
and used 4,250 hours
Actual materials price $128 per ton Actual quantity of
and used 1,250 tons
Standard labor rate $12 per hour Standard hours used 4,300 hours
Standard materials price $130 per ton Standard quantity of
materials used 1,200 tons
Compute materials price and
Compute labor price and
Compute labor quantity variance.
(SO 3, 4)
Compute materials and labor
Compute the materials and
labor variances and list reasons
for unfavorable variances.
(SO 4, 6)
(a) Compute the total, price, and quantity variances for materials and labor.
(b) Provide two possible explanations for each of the unfavorable variances calculated
above, and suggest where responsibility for the unfavorable result might be placed.
Answer this Question
managerial accounting - The following direct materials and direct labor data ...
math - The Thompson Company uses standard costing and has established the ...
managerial Accounting - Smith Co uses a standard cost system for its single ...
accounting - Williams Company's direct labor cost is 25% of its conversion cost...
accounting - The Bags and Luggage Company had the following account balances as...
Managerial Accounting Help - Cotta Cots uses a standard cost system in which ...
ACC - someone help me with this questions please 1. How would the following ...
Accounting - What is Beer direct materials and raw materials? Raw materials are ...
Standard Costing System-Help! - Cotta Cots uses a standard cost system in which ...
Accounting - Montana Company produces basketballs. It incurred the following ...