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Determine the materials price and quantity variances

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Reference no: EM131922750

Question - The following information pertains to the standard costs and actual activity for Tyler Company for September:

Standard costs per unit - Direct materials 4 units of material A x $2.00 per unit 1 unit of material B x $3.00 per unit

Direct labor 3 hours x $8.00 per hour

Activity for September

Materials purchased

Material A 4,500 units x $2.05 per unit

Material B 1,100 units x $3.10 per unit

Materials used

Material A 4,150 units

Material B 1,005 units

Direct Labor used 2,950 hours x $8.20 per hour

Production output 1,000 units

There were no beginning direct materials inventories.

a. Determine the materials price and quantity variances.

b. Determine the labor rate and efficiency variances.

Reference no: EM131922750

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