Reference no: EM132548275

Sagittarius Corp. has established the following standards for the prime costs of one of its chief product, dart boards.

Standard Qtystandard             Price (Rate)           Total Standard cost

Direct material 8.5 pounds         Br.1.80/pound         Br.15.30

Direct labor       0.25 hour            8.00/hour               2.00

                                                                          Br.17.30

During May, Sagittarius purchased 160,000 pounds of direct material at a total cost of Br.304, 000. The total wages for May were Br.42, 000, 90% of which were for DL. Sagittarius manufactured 19,000 dart boards during May; using 142,500 pounds of direct material & 5,000 direct labor hours.

Required:

Question 1: Compute the following variances for May.

a) Direct material price variances

b) Direct material usage variance

c) Direct material cost variance

d) Direct labor rate variance

e) Direct labor efficiency variance

f) Direct labor cost variance