Business, 05.08.2020 18:01 tobyhollingsworth178

The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used 18,000 lbs. at $4.15 per lb.
Actual direct labor used 5,555 hours for a total of $106,656
Actual units produced 30,060 AH
Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.10 per pound and 10 minutes of direct labor at $20.20 per hour.
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
AH = Actual Hours
SH = Standard Hours
AR = Actual Rate
SR = Standard Rate
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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The following information describes production activities of Mercer Manufacturing for the year. Act...

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