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Check your worksheet by changing the direct materi...

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Check your worksheet by changing the direct materials standard quality in cell B6 to 2.9 pounds, the direct labor quantity standard quantity in cell B7 to 0.6 hours, and the manufacturing overhead in cell B8 to 0.6 hours. The materials spending variance should now be $1,500 U, the labor spending variance should now be $3,720 F, and the Variable overhead spending variance should now be $60 F. a. What is the materials quantity variance? Explain this variance. b. What is the labor rate variance? Explain this variance. a. What is the materials quantity variance? What is the material price variance? b. What is the labor efficiency variance? What is the labor rate variance? c. What is the variable overhead efficiency variance? What is the variable overhead rate variance?

 

Paper#6807 | Written in 18-Jul-2015

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