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Actual output was 1000 units the companys per unit

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Reference no: EM13601578

The following information is available:

  • Actual Inputs for Actual Price
  • Each Unit of Output Per Unit of Input
  • Direct materials 11 yards $12 per yard
  • Direct labor 4.2 hours $8 per hour

Actual output was 1,000 units. The company's per unit standards call for 15 yards of direct material at $10.00 per yard and 4 hours of direct labor at $9.50 per hour. The company purchased and used 11,000 yards of material.

Required:
A) Compute the price and quantity variances for direct material.
B) Compute the price and quantity variances for direct labor

Reference no: EM13601578

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