Tiger, Inc

question 4

Essay

Tiger, Inc. has developed the following standard cost data based on 60,000 direct labor hours, which is 75% of capacity.
During the last period, the company operated at 80% of capacity and produced 128,000 units. Actual costs were:
Determine the direct materials 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:

Falling Object

An item that drops under the influence of gravity, posing potential risks or dangers to those below.

Months

Units of time, typically lasting 28 to 31 days, used to divide a year into twelve periods in the Gregorian calendar.

Follows Objects

The ability to visually track moving items, often assessed in developmental examinations to indicate proper neurological function.

180 Degrees

A term denoting a complete opposite direction or change in opinion or position.