Reference no: EM133157881

Question - Given

Standard costs per unit of Solartronic mowers are as follows:

Direct materials, one set per unit @ $150 per set;

Direct labor, 10 hours @ $12 per hour;

Factory overhead; variable,$ 68 per unit, fixed, $ 8000.

Units produced are 200.

Actual costs for 200 units produced are as follows:

Direct materials, 210 sets @ $ 140 each;

Direct labor, 2,030 hours @ $ 12.10 per hours;

Factory overhead: Variable, $ 14,000

Required -

1. Calculate the total variance and label it as favorable or unfavourable.

2. Calculate the Direct labor variance.

3. Calculate the Direct labor time variance.

4. Calculate the Direct labor rate variance.

5. Calculate the Factory overhead variance.