QUESTION 3 Not complete Points out of 0.50 P Flag question Working With Variance

Question

QUESTION 3 Not complete Points out of 0.50 P Flag question Working With Variances From the following data, determine the total actual costs incurred for direct material, direct labor, and variable overhead. Standard Costs Variances Direct material $150,000 3000 U 4,000 Price variance Quantity variance Direct labor 130,000 Rate variance 1,400 U Efficiency variance 1,800 U Variable overhead 74,000 1,000 Spending variance Efficiency variance 600 U Actual Costs Direct material Direct labor Variable overhead S Check

Explanation / Answer

Calculate actual cost :

Actual cost Direct material (150000+3000-4000) 149000 Direct labour (130000+1400+1800) 133200 variable overhead (74000-1000+600) 73600

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