Reference no: EM132579582
Andres industries employ a standard cost system. Andres has established the following standards for the prime costs of its Hunters' Bow product line:
Standard Quality Standard Price Standard Cost
Direct materials 8kg 1.80/kg $14.40
Direct labour .25 DLH $8.00/DLH $2.00
$16.40
During November, Andres purchased 160,000 kg of direct materials at a total cost of $304,000. The total factory wages for November were $42,000, 90% of which were for direct labour. Andres manufactured 19,000 Hunters' Bows during November using 142,500 kg of direct materials and 5,000 direct labour hours.
Question 1 : What was the direct materials purchase price variance for November?
Question 2 : What was the direct materials usage variance for November?
Question 3 : What was the direct labour rate variance for November?
Question 4 : What was the direct labour efficiency variance for November?