Direct Labor Standards Assignment
3 value: 10.00 points Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below Standard
Standard Quantity or Ste Rate ice 240 During the most recent month, the following activity was recorded a 25,900 pounds of material was purchased at a cost of $2.10 per pound. 00 Required: 1. Compute the materials price and quantity variances for the month. (Indicate the effect of each variance by selecting “F” for favorable, “U” for unfavorable, and “None r no effect (i.e, zero variance).) Direct materials price variance Direct materials quantity variance effect (i.e., zero variance).) 2. Compute the labor rate and efficiency variances for the month. (Indicate the effect of each variance by selecting “P r favorable, “U” for unfavorable, and “None” for Direct labor rate variance Direct labor efmolency variance. .
