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How do I find the variances?
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Im really counfused.. I have been trying to solve this problem for two hours. I try to use the formulas for material price variance and material quantity variance. And also for labor the labor price and labor quantity formulas, but I can't find the standard quantity and the standard hours. Can...
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Can anyone tell me how do you find Price, rate, volume, and controllable variance?
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Direct materials Direct mfg. cost Cost incurred: Actual inputs times actual prices $200,000 $90,000 Actual inputs times standard prices 214,000 86,000 Standard inputs allowed for actual outputs times Standard prices 225,000 80,000 Output... View more questions Search
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