Business, 19.03.2021 22:50 jennashowbiz

Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (6 pounds at $1.80 per pound) $10.80
Direct labor (4 hours at $13.00 per hour) $52.00

During the month of April, the company manufactures 170 units and incurs the following actual costs.

Direct materials purchased and used (1,900 pounds) $3,610
Direct labor (720 hours) $9,288

Compute the total, price, and quantity variances for materials and labor.

Total materials variance $enter a dollar amount select an option
Neither favorable nor

Materials price variance $enter a dollar amount select an option
Neither favorable nor

Materials quantity variance $enter a dollar amount select an option
UnfavorableNeither favorable nor unfavorableFavorable

Total labor variance $enter a dollar amount select an option
UnfavorableNeither favorable nor unfavorableFavorable

Labor price variance $enter a dollar amount select an option
Neither favorable nor

Labor quantity variance $enter a dollar amount select an option
Neither favorable nor

Answers: 2

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Levine Inc., which produces a single product, has prepared the following standard cost sheet for one...

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