Answer:
Direct Material Price Variances = ( Sp - Ap) Aq
= ( $1 - $0.75) *700
= (0.25)*700
= $175
Direct Material Quantity Variances = (Sq - Aq ) *Sp
= ( 600 -700)* $1
= (-100) *$1
= -$100
Total Material Variance = Quantity Variance + Price variance
= -$100 +$175
= $75
Direct Labor Expenditure Variance = ( Sr - Ar) *Ah
= ( $8 -$11) *50
= (-3) *50
= -$150
Direct Labor Efficiency = ( Sh -Ah ) *Sr
= (40-50)* $8
= (-10)* $8
= -$80
Total Labor Variance = Expenditure Variance + Efficiency Variance
= -$150 -$80
= -$230
Explanation:
The Question is incomplete but i have attached a complete question
Sp = Standard price
Ap = Actaul price
Sq = Standard Quantity = 6*100 = 600
Aq = Actual Quantity = 7*100 = 700
Sr = Standard Rate
Ar = Actual Rate
Ah = Actual Hours =0.5 *100 =50 hours
Sh = Standard hour = 0.4 *100 =40 hours
