The Following Information Is for the Standard and Actual Costs

Essay

The following information is for the standard and actual costs for Happy Corporation:?? Determine:
(a) the direct materials quantity variance, price variance, and total cost variance;
(b) the direct labor time variance, rate variance, and total cost variance; and
(c) the factory overhead volume variance, controllable variance, and total factory overhead cost variance.
(Note: If following text formulas, do not round interim calculations.)