Actual raw materials used 26000 lbs at 280 per lb actual

Reference no: EM13605883

Actual Raw materials used: 26,000 lbs at $2.80 per lb. Actual Factory Payroll : 2,800 hours for a total of 26,600 Actual Units Produced: 30000 Budgeted standards for each unit produced are .75 pounds of raw material at $2.90 per pound and 4.0 minutes of direct labor at $9.00 per hour. Compute the direct labor rate and efficiency variances. Compute the direct materials price and quantity variances.

Reference no: EM13605883

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