Business, 10.06.2021 19:20 elijahcraft3

The following describes production activities of Mercer Manufacturing for the year. Actual direct materials used18,000 lbs. at $4.15 per lb.
Actual direct labor used5,555 hours for a total of $106,656
Actual units produced30,060
Budgeted standards for each unit produced are 0.50 pound of direct material at $4.10 per pound and 10 minutes of direct labor at $20.20 per hour.
AH = Actual Hours
SH = Standard Hours
AR = Actual Rate
SR = Standard Rate
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
(1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.)
(2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)

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The following describes production activities of Mercer Manufacturing for the year. Actual direct m...

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