144.Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:
Actual costs1,550 lbs. at $9.10
Standard costs1,600 lbs. at $9.00
Determine the direct materials (a) quantity variance, (b) price variance, and (c) total cost variance.
145.Standard and actual costs for direct labor for the manufacture of 300 units of product were as follows:
Actual costs125 hours @ $54.00
Standard costs131 hours @ $53.00
Determine the direct labor (a) time variance, (b) rate variance, and (c) total cost variance.
146.Standard and actual costs for direct labor for the manufacture of 1,000 units of product were as follows:
Actual costs950 hours at $37
Standard costs975 hours at $36
Determine the direct labor (a) time variance, (b) rate variance, and (c) total direct labor cost variance.