4. Material Price variance. Standard direct labor rate per hour. 6. Labor Rate variance. 5.
4. Material Price variance. Standard direct labor rate per hour. 6. Labor Rate variance. 5.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 1PB: Direct materials and direct labor variance analysis Lenni Clothing Co. manufactures clothing in a...
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Step 1 Formula for material price variance:
VIEWStep 2 Working Note: Calculation of Actual Quantity of material:
VIEWStep 3 Calculation of material price variance:
VIEWStep 4 Calculation of standard direct labour rate per hour:
VIEWStep 5 Calculation of Labour Rate variance:
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