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Compute the material variances and labor variances

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Reference no: EM131781851

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

Standard Price

Standard Cost Standard Quantity or Rate

Direct Material

Direct Labor

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:

Material variances

Labor variances

Reference no: EM131781851

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