Required: Compute the following cost variances from the available data. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (l.e., zero variance). Do not round Intermediate calculations.) Direct-material price variance Direct-material purchase price variance Direct-material quantity variance Direct-labor rate variance Direct-labor efficiency variance Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance Answer is not complete. $ $ (4,200) (4,200) $ $ (2,100) (4,400) $(11,200) $ 2,750 $(1.260.00) $ (5,700) Unfavorable Unfavorable Unfavorable Unfavorable Unfavorable Favorable O O O Unfavorable O Unfavorable •
Required: Compute the following cost variances from the available data. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (l.e., zero variance). Do not round Intermediate calculations.) Direct-material price variance Direct-material purchase price variance Direct-material quantity variance Direct-labor rate variance Direct-labor efficiency variance Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance Answer is not complete. $ $ (4,200) (4,200) $ $ (2,100) (4,400) $(11,200) $ 2,750 $(1.260.00) $ (5,700) Unfavorable Unfavorable Unfavorable Unfavorable Unfavorable Favorable O O O Unfavorable O Unfavorable •
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 6EA: Use the information provided to answer the questions. All material purchased was used in production....
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