Question

Next, compute the variances. Enter favorable variances as a positive number and unfavorable variances as a negative number. Do NOT enter F or U. input price variance for DM = $ Incorrect: Your answer is incorrect. input efficiency variance for DM = $ input price variance for DL = $ input efficiency variance for DL

Answer 1

Direct Material Price Variances = ( Sp - Ap) Aq

= ( $1 - $0.75) *700

= (0.25)*700

= $175

Direct Material Quantity Variances = (Sq - Aq ) *Sp

= ( 600 -700)* $1

= (-100) *$1

= -$100

Total Material Variance = Quantity Variance + Price variance

= -$100 +$175

= $75

Direct Labor Expenditure Variance = ( Sr - Ar) *Ah

= ( $8 -$11) *50

= (-3) *50

= -$150

Direct Labor Efficiency = ( Sh -Ah ) *Sr

= (40-50)* $8

= (-10)* $8

= -$80

Total Labor Variance = Expenditure Variance + Efficiency Variance

= -$150 -$80

= -$230

Step-by-step explanation:

The Question is incomplete but i have attached a complete question

Sp = Standard price

Ap = Actaul price

Sq = Standard Quantity = 6*100 = 600

Aq = Actual Quantity = 7*100 = 700

Sr = Standard Rate

Ar = Actual Rate

Ah = Actual Hours =0.5 *100 =50 hours

Sh = Standard hour = 0.4 *100 =40 hours