(Answered) Problem - the following data pertain to the first week of

Accounting

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

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