Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. 11eb91e1_32e4_3de3_ad16_3930138870a8_SM1965_00 During June the company incurred the following actual costs to produce 9,000 units. 11eb91e1_32e4_3de4_ad16_a9872a33868d_SM1965_00 Compute the (1) direct materials price and quantity variances and (2) direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.

Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

النسخة 22الرقم المعياري الدولي: 978-0077862275

Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

النسخة 22الرقم المعياري الدولي: 978-0077862275

تمرين 61

Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures.

During June the company incurred the following actual costs to produce 9,000 units.

Compute the (1) direct materials price and quantity variances and (2) direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.

التوضيح

موثّق

Direct Materials and Labor cost variance...