Calculate direct material price variance

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Reference no: EM131980880

Mansfield Company makes wiring harnesses for the automotive industry. Its standard costs for each harness are 2 direct labor hours per unit at $23 of labor cost per hour, and one pound of plastic harness material at $1.25 per pound. Actual manufacturing data for the period are as follows: Number of Units Manufactured 40,000 Number of Direct Labor Hours Used 79,400 Actual Direct Labor Cost $1,746,800 Number of Pounds of Direct Material Used 40,800 Number of Pounds of Direct Material Purchased 41,000 Actual Direct Material Cost $51,000 Calculate Direct Labor Rate Variance __________ Calculate Direct Labor Quantity Variance __________ Calculate Direct Material Price Variance __________ Calculate Direct Material Quantity Variance __________

Reference no: EM131980880

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