Question

HectorInc.,whichproducesasingleproduct,haspreparedthefollowing standard cost sheet for one unit of the product.
Direct materials (6 pounds at $2.50 per pound) $15.00 Direct labor (3.1 hours at $12.00 per hour) $37.20
During the month of April, the company manufactures 250 units and incurs the following actual costs.
Direct materials purchased and used (1,600 pounds) $4,192
Direct labor (760 hours) $8,740
Instructions
Compute the total, price, and quantity variances for materials and labor.

Answer 1

Explanation:

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