Barker Production Company has developed the following standards for one of its products.
The company records materials price variances at the time of purchase. The following activity occurred during the month of April:
Required:
a.
Calculate the direct materials price variance.
b.
Calculate the direct materials usage variance.
c.
Calculate the direct labour rate variance.
d.
Calculate the direct labour efficiency variance.
e.
Calculate the variable overhead spending (expenditure) variance.
f. Calculate the variable overhead efficiency variance.
Definitions:
ICD-9-PCS
International Classification of Diseases, Ninth Revision, Procedure Coding System; a system used in the United States to classify and code hospital procedures.
ICD-9-CM
The International Classification of Diseases, Ninth Revision, Clinical Modification; a predecessor to ICD-10-CM used for coding and classifying morbidity data from inpatient and outpatient records, primary replaced by ICD-10-CM.
Medicine
The science and practice of the diagnosis, treatment, and prevention of disease, as well as the maintenance of health.
ICD-9-PCS
an abbreviation for the International Classification of Diseases, Ninth Revision, Procedure Coding System; a system used in healthcare to classify procedures and interventions.
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