During June, Fraser Company’s material purchases amounted to 5,700 pounds at a price of $8.50 per...

During June, Fraser Company’s material purchases amounted to 5,700 pounds at a price of $8.50 per pound. Actual costs incurred in the production of 1,000 units were as follows:


Direct labor:	$	90,944	($19.6 per hour)
Direct material:	$	22,950	($8.50 per pound)

The standards for one unit of Fraser Company’s product are as follows:


Direct labor:	Direct material:
Quantity, 2.9 hours per unit	Quantity, 2.0 pounds per unit
Rate, $19.4 per hour	Price, $8.00 per pound

Required:
Compute the following variances for the month of June. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)

Direct-material price variance =

Direct-material quantity variance =

Direct-material purchase price variance =

Direct-labor rate variance =

Direct-labor efficiency variance =

Expert Solution

ekkarill92 answered 1 year ago

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