Betty's Bakery has the following standard cost sheet for one unit of its most popular cake: SP $ 1.50 per pound $12.00 per hour Direct naterials 1.2 pounds Direct labor 0.8 hours During the month of...


please answer only part 4,5,6


Betty's Bakery has the following standard cost sheet for one unit of its most popular cake:<br>SP<br>$ 1.50 per pound<br>$12.00 per hour<br>Direct naterials<br>1.2 pounds<br>Direct labor<br>0.8 hours<br>During the month of May, the company made 900 cakes and incurred the following actual costs.<br>Direct materials purchased and used (1,340 pounds) $1,742<br>Direct labor (960 hours) $11,040<br>Required:<br>1. Calculate the direct materlals price variance.<br>2. Calculate the direct materials quantity varlance.<br>3. Calculate the direct materials variance.<br>4. Calculate the direct labor rate variance.<br>5. Calculate the direct labor efficiency variance.<br>6. Calculate the direct labor spending varlance.<br>tes<br>(For all requirements, Indicate the effect of each variance by selecting

Extracted text: Betty's Bakery has the following standard cost sheet for one unit of its most popular cake: SP $ 1.50 per pound $12.00 per hour Direct naterials 1.2 pounds Direct labor 0.8 hours During the month of May, the company made 900 cakes and incurred the following actual costs. Direct materials purchased and used (1,340 pounds) $1,742 Direct labor (960 hours) $11,040 Required: 1. Calculate the direct materlals price variance. 2. Calculate the direct materials quantity varlance. 3. Calculate the direct materials variance. 4. Calculate the direct labor rate variance. 5. Calculate the direct labor efficiency variance. 6. Calculate the direct labor spending varlance. tes (For all requirements, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero veriance).) 1 Direct matenials price variance 2 Drect materials quantity variance 3Total drect materials spending variance 4 Direct labor rate variance 5 Drect labor efficiency vanance 6 Total direct labor spending variance

Jun 09, 2022
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