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Orion Corporation has established the following standards for the prime costs of one unit of its chief product dartboards During June Orion purchased 160000 pounds of direct material at a total

Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards.  During June, Orion purchased 160,000 pounds of direct material at a total cost of $304,000.The total wages for June was $42,000, 90 percent of which were for direct labor. Orion manufactured 19.000 dartboards during June, using 142,500 pounds of direct material and 5,000 direct-labor hours. Required: Compute the following variances for June, and indicate whether each is favorable or unfavorable. 1. The direct-material price variance. 2. The direct-material quantity variance. 3. The direct-labor rate variance, 4. The direct-labor efficiencyvariance.

Apr 21 2020 View more View Less

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