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The standards for one carton of Flavor Rite are: Direct Materials 3.21 lbs @$6.00/1b Direct Labor 2.4hrs @$10.00/hr This time has not expired. Please...
The standards for one carton of Flavor Rite are:Direct Materials 3.21 lbs @$6.00/1bDirect Labor 2.4hrs @$10.00/hrDuring the week ended May 17, the following activity took place:• 4,800 lbs. of raw material were purchased for inventory at a cost of $5.60 per pound;• 1,200 cartons of finished product were produced;• 4,020 lbs. of raw material were used;• 3,110 labor hours were worked at a total cost of $26,435. Calculate each of the following variances:(a.) Raw materials purchase price variance.(b.) Raw materials usage variance.(c.) Direct labor rate variance.(d.) Direct labor efficiency variance:
Question:The standards for one carton of Flavor Rite are:Direct Materials 3.21 lbs @ $6.00/lbDirect Labor2.4 hrs. @$10.00/hr.During the week ended May 17, the following activity took place:...