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The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used 16,400 pounds at $4.25 per pound 17,035 hours at $23 per hour 30,800 Actual units produced Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor 0.50 pound at $4.20 per pound 0.50 hour at $24 per hour AR Actual Rate SR Standard Rate AQ = Actual Quantity SQ Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost $ 0 $ 0 $ 0

The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used 16,400 pounds at $4.25 per pound 17,035 hours at $23 per hour 30,800 Actual units produced Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor 0.50 pound at $4.20 per pound 0.50 hour at $24 per hour AR Actual Rate SR Standard Rate AQ = Actual Quantity SQ Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost $ 0 $ 0 $ 0

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 13E: Wyandotte Company provided the following information for the last calendar year: During the year,...
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The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used. 16,400 pounds at $4.25 per pound 17,035 hours at $23 per hour 30,800 Actual units produced Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor 0.50 pound at $4.20 per pound 0.50 hour at $24 per hour AR = Actual Rate SR Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost $ 0 $ 0 Required 2 > $ 0 0 < Required 1
Transcribed Image Text:The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used. 16,400 pounds at $4.25 per pound 17,035 hours at $23 per hour 30,800 Actual units produced Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor 0.50 pound at $4.20 per pound 0.50 hour at $24 per hour AR = Actual Rate SR Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost $ 0 $ 0 Required 2 > $ 0 0 < Required 1
The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used 16,400 pounds at $4.25 per pound 17,035 hours at $23 per hour 30,800 Actual units produced Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor 0.50 pound at $4.20 per pound 0.50 hour at $24 per hour. AR = Actual Rate SR Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost X $ 0 $ 0 Required 2 > $ 0 0 < Required 1
Transcribed Image Text:The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used 16,400 pounds at $4.25 per pound 17,035 hours at $23 per hour 30,800 Actual units produced Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor 0.50 pound at $4.20 per pound 0.50 hour at $24 per hour. AR = Actual Rate SR Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost X $ 0 $ 0 Required 2 > $ 0 0 < Required 1
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