Reference no: EM132562368
Morry Games developed a new play station called AWESOME. Morry Games has a standard cost system to help control its costs. The following standards have been established for AWESOME.
- Direct materials 15 grams per AWESOME.
- Standard direct material cost per AWESOME is $10.
- Direct labour 1.2 hours per AWESOME.
- Standard cost of direct labour is $14.40 per AWESOME.
- During May the company produced 9,000 AWESOME units.
Production data for May are:
Direct materials: 165,000 grams were purchased at a cost of $104,000; 20,000 grams of this was still in inventory at the end of the month.
Direct labour: 11,400 direct labour hours were worked at a cost of $142,500.
Required:
Question (a) Calculate Direct materials price and quantity variances.
Question (b) Calculate Direct labour price and quantity variances.
Question (c) Are the variances computed in (a) and (b) linked? Provide a brief commentary on the variances computed above, including explanations regarding the price and the quantity variances for Direct materials, and the price and the quantity variances for Direct labours.
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