Solution-Find what is the quantity variance for direct

Find what is the quantity variance for direct materials

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Reference no: EM132567278

Littrell Company produces chairs and has determined the following direct cost categories and budgeted amounts:

Standard Inputs Standard Cost

Category for 1 output per input

Direct Materials 1.00 $7.50

Direct Labour 0.30 9.00

Direct Marketing 0.50 3.00

Actual performance for the company is shown below:

Actual output: (in units) 4,000

Direct Materials:

Materials costs $30,225

Input purchased and used 3,900

Actual price per input $7.75

Direct Manufacturing Labour:

Labour costs $11,470

Labour-hours of input 1,240

Actual price per hour $9.25

Question a. What is the price variance of the direct materials?

Question b. What is the quantity variance for direct materials?

Question c. What is the price variance of the direct manufacturing labour?

Question d. What are the efficiency variances for direct manufacturing labour?

Reference no: EM132567278

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Find what is the quantity variance for direct materials

Reference no: EM132567278

Reference no: EM132567278

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