Computation of Variable Cost Variances The following information pertains to the standard costs and actual activity...

Computation of Variable Cost Variances

The following information pertains to the standard costs and actual activity for Repine Company for September:

Standard cost per unit
Direct materials	3 units of material A x $8.00 per unit
	2 units of material B x $4.00 per unit
Direct labor	2 hours x $15.00 per hour
Activity for September
Materials purchased
Material A	7,000 units x $7.80 per unit
Material B	4,800 units x $4.50 per unit
Materials used
Material A	6,430 units
Material B	3,950 units
Direct labor used	4,100 hours x $15.50 per hour
Production output	2,000 units

There were no beginning direct materials inventories.

(a) Determine the materials price and quantity variances.

	Material A		Material B
Materials price variance	Answer	AnswerFU	Answer	AnswerFU
Materials quantity variance	Answer	AnswerFU	Answer	AnswerFU

(b) Determine the labor rate and efficiency variances.

Labor rate variance	Answer	AnswerFU
Labor efficiency variance	Answer	AnswerFU

Please answer all parts of the question.

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ekkarill92 answered 11 months ago

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