Sage CorpUses a Standard Cost System to Account for the Costs

question 16

Essay

Sage Corp.uses a standard cost system to account for the costs of its one product.Standards are 3 pounds of materials at $14 per pound and 4 hours of labor at a standard wage rate of $12.During July,Sage Corp.produced 3,300 units.Materials purchased and used totaled 10,100 pounds at a total cost of $142,650.Payroll totaled $146,780 for 13,150 hours worked.Calculate the:
a.direct labor rate variance.
b.direct labor efficiency variance.

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Definitions:

Primary Consideration

The foremost in importance or priority that needs to be thought of or addressed.

Short-term Groups

Group settings assembled for a limited duration, focusing on achieving specific goals in a short amount of time.

Program Activities

Structured and planned events or actions designed to achieve specific outcomes within a program.

Group Goals

are objectives or desired outcomes that a group collectively works towards achieving, which can enhance collaboration and focus.