Business, 16.12.2019 17:31 alahewett2043

The following information describes production activities of mercer manufacturing for the year. actual direct materials used 24,000 lbs. at $4.45 per lb. actual direct labor used 6,505 hours for a total of $128,799actual units produced 36,030ah = actual hourssh = standard hoursar = actual ratesr = standard rateaq = actual quantitysq = standard quantityap = actual pricesp = standard pricebudgeted standards for each unit produced are 0.50 pounds of direct material at $4.40 per pound and 10 minutes of direct labor at $20.80 per hour.(1) compute the direct materials price and quantity variances.(2) compute the direct labor rate and efficiency variances. indicate whether each variance is favorable or unfavorable.

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