Use the following data to calculate all direct material and direct labor variances. Then use your variance answers to determine possible explanations for the variances and the appropriate person in the company with whom to discuss the variances.
Standard feet of material per unit
Standard cost per foot of material
Standard labor hours per unit
Standard labor rate per hour
Number of units actually produced
Actual total cost of material used
Actual hours worked
Enter your answers without dollar signs, but in number format (eg 54,000 or 330,500.) Enter your answers in Blackboard using the link directly below the link for this quiz #4 workbook.