
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following
Per unit:
Direct material 15kg@$5/kg
Direct labour 4hr@$12/hr
During January, Dito produced 720 units of output, which was 30 units less than expected. Direct material purchased and used was 10,500 kg @ $5.25/kg. Direct labour was 2,900 hours @ 12.25/hr.
Required:
1. What were the price and quantity variances for direct material, respectively?
2. What were the rate and efficiency variances for direct labour, respectively?
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