Natasha Inc. produces victory T-shirts for Raptor's fans; however, due to a global pandemic, sales have not been as expe

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Natasha Inc Produces Victory T Shirts For Raptor S Fans However Due To A Global Pandemic Sales Have Not Been As Expe 1 (60.66 KiB) Viewed 13 times

Natasha Inc. produces victory T-shirts for Raptor's fans; however, due to a global pandemic, sales have not been as expected this year. The following standards were set at the beginning of the current year: Standard 3.00 $5.00 0.25 hr $14.00 Direct material per unit (metre(s)) Material price per metre Labour time per unit Direct labour rate (per hour) The company has the following actuals for the year: Production units Total direct material purchased (metre(s)) Total direct material used (metre(s)) Total labour time Material price per metre Direct labour rate (per hour) Use the above information to answer the following questions. 4,500 hrs $5.20 $15.00 Compute the amount of the direct materials price variance. HINT: remember the entry rules! A/ Actual 20,000 60,000 50,000 Indicate if the direct materials price variance is Favourable (enter F) or Unfavourable (enter UF). HINT: Enter your letter without any additional spaces! A Compute the amount of the direct materials usage (efficiency) variance. HINT: remember the entry rules! A Indicate if the direct materials usage (efficiency) variance is Favourable (enter F) or Unfavourable (enter UF). HINT: Enter your letter without any additional spaces! Compute the amount of the direct labour rate (price) variance. HINT: remember the entry rules! Indicate if the direct labour rate (price) variance is Favourable (enter F) or Unfavourable (enter UF). HINT: Enter your letter without any additional spaces! A/ Compute the amount of the direct labour efficiency (or usage) variance. HINT: remember the entry rules! Indicate if the direct labour efficiency (usage) variance is Favourable (enter F) or Unfavourable (enter UF). HINT: Enter your letter without any additional spaces! A/