San Diego State University Operations And Supply Chain Management Assignment Help - Select command

Question - During June, Danby Company's material purchases amounted to 6,600 pounds at a price of $7.9 per
pound. Actual costs incurred in the production of 2,300 units were as follows:
Direct labor: $131,835 ($18.7 per hour)
Direct material: $37,920 ($7.9 per pound)

The standards for one unit of Danby Company's product are as follows:
Direct labor: Direct material:
Quantity, 3 hours per unit Quantity, 2 pounds per unit
Rate, $18.6 per hour Price, $7.6 per pound

Required:
Compute the direct-material price and quantity variances and the direct-labor rate and efficiency
variances. Indicate whether each variance is favorable or unfavorable.
Direct-material price variance $ (Click to select)UnfavorableNoneFavorable
Direct-material quantity ...Read More variance $ (Click to select)UnfavorableNoneFavorable
Direct-labor rate variance $ (Click to select)UnfavorableFavorableNone
Direct-labor efficiency variance $ (Click to select)FavorableUnfavorableNone ...Read Less

Solution Preview - No Solution Preview Available

Original Question Documents

N/A