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Compute the material variances and labor variances

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Reference no: EM131781768

Problem - Gandolph Game Company                    

Gandolph Game Company has established the following standards for the prime costs of one unit of its chief product, dartboards.

Standard Cost

Standard Quantity

Standard Rate or Price

Direct Material

14

8kg

$1.75 per kilogram

Direct Labor

2

.25hr

$8 per hour

During September, Gandolph purchased 320,000 kg of DM at a total cost of $608,000. The total wages for September were $84,000, 90% of which were for DL. Gandolph manufactured 38,000 dartboards during September, using 285,000 kg of DM and 10,000 DL hours.

Compute the following:

Material variances

Labor variances

Reference no: EM131781768

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