Barker Production Company Has Developed the Following Standards for One

Essay

Barker Production Company has developed the following standards for one of its products.
The company records materials price variances at the time of purchase. The following activity occurred during the month of April:
Required:

a.
Calculate the direct materials price variance.
b.
Calculate the direct materials usage variance.
c.
Calculate the direct labour rate variance.
d.
Calculate the direct labour efficiency variance.
e.
Calculate the variable overhead spending (expenditure) variance.
f. Calculate the variable overhead efficiency variance.