Problem - The following data pertain to the first week of operations during June:
Materials:
Actual purchases........................................1500 units @$3.80/unit
Actual usage...............................................1350 units
Standard usage...........................................1020 units @$4.00/unit
Labor:
Actual hours...............................................310 hours @ $12.10/hour
Standard hours...........................................340 hours @ $12.00/hour
Complete the three material variances and the two labor variances.
Attachment:- Material and Labor analysis.rar