During the month of april the company manufactures 320

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Nona Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.

Direct materials (6 pounds at $2.30 per pound)
$13.80
Direct labor (4 hours at $12.00 per hour)
$48.00

 

During the month of April, the company manufactures 320 units and incurs the following actual costs.

Direct materials purchased and used (2,300 pounds)
$5,911
Direct labor (1,300 hours)
$15,431

Compute the total, price, and quantity variances for materials and labor.

Total materials variance
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pixel.gif Neither favorable nor unfavorableUnfavorableFavorable
Materials price variance
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pixel.gif UnfavorableFavorableNeither favorable nor unfavorable
Materials quantity variance
$pixel.gif
pixel.gif Neither favorable nor unfavorableFavorableUnfavorable
Total labor variance
$pixel.gif
pixel.gif UnfavorableNeither favorable nor unfavorableFavorable
Labor price variance
$pixel.gif
pixel.gif FavorableNeither favorable nor unfavorableUnfavorable
Labor quantity variance
$pixel.gif

Reference no: EM13570369

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