The purdy company uses standard costing and has established

Reference no: EM131019022

The Purdy Company uses standard costing and has established the following direct material and direct labor standards for each unit of the single product it makes and sells for $50:

Direct materials...........................................................................	4 gallons at $8 per gallon
Direct labor.................................................................................	1 hour at $16 per hour

During July, the company made 6,000 units of product and incurred the following costs:

Direct materials purchased.................................................	26,800 gallons at $8.20 per gallon
Direct materials used..........................................................	25,200 gallons
Direct labor used................................................................	5,600 hours at $15.30 per hour

The labor efficiency variance for July was?

The materials price variance for July was?

The materials quantity variance for July was?

Reference no: EM131019022

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