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Calculate direct labor efficiency and price variance

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Reference no: EM132510789

Superior Mfg. Company is a manufacturer of large ceramic dishes. The standard materials quantity is 1.2 pound of ceramic per dish at a standard price of $3.00 per pound. The actual quantity for the production of 550 dishes was 1.6 pounds per dish, at an actual price of $3.25 per pound.

Question 1: Calculate the Material Price Variance (Indicate Favorable or Unfavorable)

Question 2: Calculate the Direct Material Efficiency Variance (Indicate Favorable or Unfavorable).

  • Continuing with Superior Company..... The standard direct labor time is 1.2 hour per dish, at a price of $25 per hour. The actual results for the production of the 550 dishes were 1.0 hour per dish, at a price of $20 per hour.

Question 3: Calculate the Direct Labor Price Variance (Indicate Favorable or Unfavorable)

Question 4: Calculate the Direct Labor Efficiency Variance (Indicate Favorable or Unfavorable)

Reference no: EM132510789

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