Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.
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Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.
| Direct materials (9 pounds at $2.20 per pound) | $19.80 | |
| Direct labor (1 hours at $11.00 per hour) | $11.00 |
During the month of April, the company manufactures 310 units and incurs the following actual costs.
| Direct materials purchased and used (1,600 pounds) | $3,680 | |
| Direct labor (330 hours) | $3,564 |
Compute the total, price, and quantity variances for materials and labor.
9 years ago
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