BobeeAssignment3.xlsx

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Variances Cline Company has the following standards: Materials 2.5 pounds per unit at $98 per pound Direct labor 8 hours per unit at $12.50 per hour During September, 500 units were produced and 1,230 pounds of materials were used. 1,280 pounds of materials were purchased at a total cost of $124,160. 4,000 hours of direct labor were used at a total cost of $50 Compute the following variances: delete the INcorrect word Materials price variance _______ $ 158,799,360 favorable Materials quantity variance ____ $ 1,960 favorable Labor rate variance __________ 200.00 unfavorable Labor efficiency variance _____ 0 favorable C O M P U T A T I O N S Materials Standard Price (SP) $ 98.00 per lb Standard Quanity (SQ) 2.5 lbs per unit
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