Upstart, Inc The Following Information Pertains to July:
Direct Material Purchased: 42,500

question 69

Essay

Upstart, Inc. manufactures a product that has the following standard costs: $\begin{array}{lr}\text { Direct materials: } 40 \text { yards at } \$ 2.70 \text { per yard } & \$ 108 \\\text { Direct labor: } 8 \text { hours at } \$ 18.00 \text { per hour } & \underline{144} \\\text { Total } & \underline{\$ 252}\end{array}$
The following information pertains to July:
Direct material purchased: 42,500 yards at $2.78 per yard, or $118,150
Direct material used: 36,000 yards
Direct labor: 7,500 hours at $18.30 per hour, or $137,250
Actual completed production: 1,050 units
Assume that the company computes variances at the earliest point in time.
Required:
Calculate the direct-material price and quantity variances, and the direct-labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.

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Definitions:

Job Burnout

A state of physical, emotional, and mental exhaustion caused by prolonged stress, typically in the workplace.

Nursing

The profession or practice of providing care for the sick and infirm, focused on the protection, promotion, and optimization of health and abilities.

Characteristics

Distinctive traits or qualities that define an individual, a group, or an entity.

Employee Involvement

The degree to which employees are encouraged to contribute their ideas and suggestions to improve their workplace.