Reference no: EM13133952
During February the Lungren Manufacturing Company's costing system reported several variances that the production manager was surprised to see. Most of the company's monthly variances are under $125, even though they may be either favorable or unfavorable. The following information is for the manufacture of garden gates, its only product:
i. Direct materials price variance, $800 unfavorable.
ii. Direct materials efficiency variance, $1,800 favorable.
iii. Direct manufacturing labor price variance, $4,000 favorable.
iv. Direct manufacturing labor efficiency variance, $600 unfavorable.
Required:
a) Provide the manager with some ideas as to what may have caused the price variances.
b) What may have caused the efficiency variances?
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: During February the Lungren Manufacturing Company's costing system reported several variances that the production manager was surprised to see.
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