The Sudbury, SOuth Carolina, plant of Saldanha Sports Companyhas the following standards for tis soccer ball Production:
Standards:
Material (leather) per soccerball 0.25 yard
Material price peryard $16
Direct labor hours per soccerball 0.20hour
Wage rate per direct laborhour $10 per hour
Variable support costrate $15 per direct labor hour
Actual results for October:
Used 13,000 yards of raw material, purchased for$205,150
Paid for 8,240 direct lbor hours at $9.50 per hour
Incurred $131,840 of variable support costs
Manufactured 40,000 soccer balls
Determine the following variances for October:
a. Total direct material cost variance
b. Total direct labor cost variance
c. Total variable support cost variance
d. Direct material price variance
e. Direct material quantity variance
f. Direct lavor rate variance
g. Direct labor efficiency variance
h. Variable support rate variance
i. Variable support efficiency variance