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Compute the direct material and direct labor variances

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Reference no: EM133108040

Question - TEXAS INC. has the following information available for the current year:

Standard:

Material 3.5 feet per unit @ P2.60 per foot

Labor 5 direct labor hours @ P8.50 per unit

Actual:

Material 95,625 feet used (100,000 feet purchased @ P2.50 per foot)

Labor 122,400 direct labor hours incurred per unit @ P8.35 per hour

25,500 units were produced

Required - Compute the direct material and direct labor variances?

Reference no: EM133108040

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