Dawson Corporation Has the Following Information A Determine the Materials Price Variance and Whether It Is

question 134

Essay

Dawson Corporation has the following information:
$\begin{array} { l r l r }\text { Direct Materials: } &&\text { Direct Labour: }\\ \text { Standard Quantity } & 2,500 & \text { Standard Hours } & 600 \\ \text { Actual Quantity } & 2,400 & \text { Actual Hours } & 625 \\ \text { Standard Price } & \$ 22 & \text { Standard Rate } & \$ 15 \\ \text { Actual Price } & \$ 20 & \text { Actual Rate } & \$ 15 \end{array}$ A. Determine the materials price variance and whether it is favourable or unfavourable.
B. Determine the materials usage variance and whether it is favourable or unfavourable.
C. Determine the labour rate variance and whether it is favourable or unfavourable.
D. Determine the labour efficiency variance and whether it is favourable or unfavourable.

---

Definitions:

Radioactive Materials

Substances that emit radiation as a result of the decay of their atomic nuclei.

Radiation Sickness

Illness and symptoms resulting from excessive exposure to ionizing radiation, affecting the body's cells and potentially leading to severe health issues.

Toxic Tort

A civil wrong arising from exposure to a toxic substance, such as asbestos, radiation, or hazardous waste.

Environmental Protection Agency

A U.S. federal agency responsible for managing and enforcing national pollution control and environmental laws and regulations.