Solution-Calculate direct material price variance and

Calculate direct material price variance and direct labor

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Reference no: EM132707133

The Woods Enterprises prepared the following standard costs for the production of one stuffed bear:

Direct materials 1.5 pounds of stuffing @ $2 per lb

Direct labor 2 hours of assembly @ $15 per hr

Actual production costs for the production of 1,000 stuffed bears required 1,750 pounds of stuffing at a cost of $1.95 per pound and 1,950 labor hours at $15.25 per hour.

Question A.) Calculate the direct material price variance.

Question B.) Calculate the direct material usage variance.

Question c) calculate the direct labor rate variance

Question d) calculate the direct labor efficiency variance

Reference no: EM132707133

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Calculate direct material price variance and direct labor

Reference no: EM132707133

Reference no: EM132707133

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