A company has the following actual and standard production measures during the period: Actual units...

A company has the following actual and standard production measures during the period:

Actual units produced 390

Actual materials purchased and used 2,583 lbs

Actual materials price $9 per lb

Actual labor hours 1430

Actual labor rate $21.4 per hour

Actual variable overhead $ 7,950

Standard materials per unit 6 lbs

Standard materials purchased and used $8.6 per lb

Standard labor hours per unit 3

Standard labor rate $22.5 per hour

Standard variable overhead rate $4.5 per labor hour

a. Calculate the materials price variance. b. Calculate the materials quantity variance. c. Calculate the labor rate variance. d. Calculate the labor time variance. e. Calculate the variable overhead controllable variance

Expert Solution

ekkarill92 answered 1 year ago

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