The Walton Manufacturing Company has developed the following standards for one of their products, a walnut fern stand. The company records materials price variances at the time of purchase. The following activity occurred during the month of April: a. Calculate the direct materials price and usage variances.
b. Calculate the direct labour rate variance, the direct labour efficiency variance, and the total direct labour variance.
c. Compute the variable manufacturing overhead spending and efficiency variances.

Question

The Walton Manufacturing Company has developed the following standards for one of their products, a walnut fern stand.  The company records materials price variances at the time of purchase. The following activity occurred during the month of April:  a. Calculate the direct materials price and usage variances.
b. Calculate the direct labour rate variance, the direct labour efficiency variance, and the total direct labour variance.
c. Compute the variable manufacturing overhead spending and efficiency variances.

Quizplus · Accepted Answer

The Answer of The Walton Manufacturing Company has developed the following standards for one of their products, a walnut fern stand.  The company records materials price variances at the time of purchase. The following activity occurred during the month of April:  a. Calculate the direct materials price and usage variances.
b. Calculate the direct labour rate variance, the direct labour efficiency variance, and the total direct labour variance.
c. Compute the variable manufacturing overhead spending and efficiency variances.

The Walton Manufacturing Company Has Developed the Following Standards for One