The following information is available:
Actual output was 1,000 units.The company's per unit standards call for 15 yards of direct material at $10.00 per yard and 4 hours of direct labor at $9.50 per hour.The company purchased and used 11,000 yards of material.
Required:
A)Compute the price and quantity variances for direct material.
B)Compute the price and quantity variances for direct labor.
Definitions:
Developmental Psychology
A branch of psychology that studies physical, cognitive, and social change throughout the lifespan.
Preferential-Looking
A research technique used to study visual attention and perception in infants based on their tendency to look longer at more visually appealing or interesting stimuli.
Infant Perception
Infant Perception involves the study of how babies understand the world around them through their developing senses.
Cognitive Process
The mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses.
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