Materials and Labor Variances Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in...

Materials and Labor Variances Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next batch of materials to be colored. The following standards for changeover for a given batch have been established: Direct materials (2.4 lbs. @ $0.95) $2.28 Direct labor (0.75 hr. @ $7.40) 5.55 Standard prime cost $7.83 During the year, 79,500 pounds of material were purchased and used for the changeover activity. There were 30,000 batches produced, with the following actual prime costs: Direct materials $68,040 Direct labor $181,357 (for 22,450 hrs.) Required: Compute the materials and labor variances associated with the changeover activity, labeling each variance as favorable or unfavorable. Material Variances Price variance $ Usage variance $ Labor Variances Rate variance $ Efficiency variance $

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Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying...

Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next batch of materials to be colored. The following standards for changeover for a given batch have been established: 1 Direct materials (2.2 lbs. @ $0.85) $1.87 2 Direct labor (0.80 hr. @ $7.4) 5.92 3 Standard prime cost $7.79 During the year, 85,750 pounds of material were purchased...

Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying...

Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next batch of materials to be colored. The following standards for changeover for a given batch have been established: 1 Direct materials (2.8 lbs. @ $0.80) $2.24 2 Direct labor (0.75 hr. @ $7.8) 5.85 3 Standard prime cost $8.09 During the year, 79,300 pounds of material were purchased...

Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying...

Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next batch of materials to be colored. The following standards for changeover for a given batch have been established: 1 Direct materials (2.4 lbs. @ $0.80) $1.92 2 Direct labor (0.80 hr. @ $7.4) 5.92 3. Standard prime cost $7.84 During the year, 71,550 pounds of material were purchased...

Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying...

Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next batch of materials to be colored. The following standards for changeover for a given batch have been established: 1 Direct materials (2.6 lbs. @ $0.95) $2.47 2 Direct labor (0.60 hr. @ $7.2) 4.32 3 Standard prime cost $6.79 During the year, 76,950 pounds of material were purchased...

Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying...

Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next batch of materials to be colored. The following standards for changeover for a given batch have been established: 1 Direct materials (2.8 lbs. @ $0.80) $2.24 2 Direct labor (0.75 hr. @ $7.8) 5.85 3 Standard prime cost $8.09 During the year, 79,300 pounds of material were purchased...

Delta Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying...

Delta Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying the materials for a given color, the vat must be cleaned and prepared for the next batch of materials to be colored. The following standards for the changeover for a given batch have been established: Direct materials (2.4 lbs. @ $0.95) $2.28 Direct labor (0.75 hrs. @ $7.40) 5.55 Total prime cost $7.83 During the year, 79,500 pounds of material were purchased and used...

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Direct Labor and Direct Materials Variances, Journal Entries Jameson Company produces paper towels. The company has...

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