The Standards for One Case of Saycheles Are During the Week Ended April 15, the Following Activity Took

question 39

Essay

The standards for one case of Saycheles are:
$$\begin{array} { | l | l | } \hline\text { Direct materials } & 7 \mathrm { lbs } @ \$ 5.90 / \mathrm { b } . \\\hline \text { Direct labor } & 4.2 \mathrm { hrs } @ \$ 13.00 / \mathrm { hr } \\\hline\end{array}$$

During the week ended April 15, the following activity took place:
• 14,500 lbs.of raw material were purchased for inventory at a total cost of $81,200;
• 1,800 cases of finished product were produced;
• 13,680 lbs.of raw material were used;
• 7,380 labor hours were worked at an average rate of $13.40 per hour.
Calculate each of the following variarices:
(a) Raw materials purchase price variance.
(b.) Raw materials usage variance.
(c) Direct labor rate variance.
(d.) Direct labor efficiency variance.
(e.) Explain the factors that most likely caused the variances computed above.

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Definitions:

Genotype

The genetic makeup of an organism, consisting of all the DNA sequences that code for its physical and physiological traits.

Phenotype

The observable physical or biochemical characteristics of an organism as determined by both genetic makeup and environmental influences.

Microevolution

The process of evolution over a short period that results in changes in gene frequency within a population, leading to slight adaptations or shifts.

Allele Frequencies

The proportion of all copies of a given gene variant (allele) present in a particular population.