In may we produced 48 tables the 48 tables used 950 linear

Reference no: EM13484263

1. We produce wood tables. The standard costs are as follows per table:

Wood - 20.5 linear feet at a cost of $13.15 per foot

Labor - 18 hours at a labor rate of $40 per hour

In May we produced 48 tables. The 48 tables used 950 linear feet of wood at a total cost of $12,875. The total labor hours in May were 1,100 hours at a total labor cost of $39,600.

What are the material price variance and the material quantity variance?
What are the labor efficiency variance and labor rate variance?

Reference no: EM13484263

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