Indicate whether variance is favourable or unfavourable

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Reference no: EM131188351

Winky Wink CC's standard and actual costs per pillow for December 20.16, during which 750 pillows were actually produced, are given below: All of the material purchased during the period was used in production during the period Unit Price Standard Actual Materials Meters R R R Standard 3.00 22.5 67.5 Actual 2.85 24.00 68.40 Direct Labour Hours Standard 2.25 45.00 101.25 Actual 2.55 47.25 120.49 Variable Manufacturing Overhead Hours Standard 2.25 25.5 57.38 Actual 2.55 22.5 57.38 Total Unit Cost 226.13 246.26 . Required: From the foregoing information, compute the following variances. Indicate whether the variance is favourable (F) or unfavourable (U). SHOW ALL YOUR CALCUALTIONS. 6.1 Material price variance. (4) 6.2 Material quantity variance. (4) 6.3 Direct labour rate variance. (4) 6.4 Direct labour efficiency variance. (4) 6.5 Variable overhead spending variance. (4) 6.6 Variable overhead efficiency variance. (4)

Reference no: EM131188351

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