Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 7.80 pounds $ 2.30 per pounds $ 17.94 Direct labor 0.30 hours $ 8.00 per hour $ 2.40 During the most recent month, the following activity was recorded: a. 25,900 pounds of material were purchased at a cost of $2.10 per pound.
b. All of the material purchased was used to produce 3,000 units of Zoom.
c. 700 hours of direct labor time were recorded at a total labor cost of $6,300.
Required: 1. Compute the materials price and quantity variances for the month.
2. Compute the labor rate and efficiency variances for the month.

Instructions are below.

Explanation:

Giving the following information:

Standard Cost Direct materials 7.80 pounds $ 2.30 per pounds $7.94

Direct labor 0.30 hours $ 8.00 per hour $ 2.40

Actual:

a. 25,900 pounds of material was purchased at a cost of $2.10 per pound.

b. All of the material purchased was used to produce 3,000 units of Zoom.

c. 700 hours of direct labor time were recorded at a total labor cost of $6,300.

To calculate the direct material price and quantity variance, we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2.3 - 2.1)*25,900

Direct material price variance= $5,180 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (7.8*3,000 - 25,900)*2.3

Direct material quantity variance= $5,750 unfavorable

To calculate the direct labor rate and efficiency variance, we need to use the following formulas:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (0.3*3,000 - 700)*8

Direct labor time (efficiency) variance= $1,600 favorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (8 - 6,300/700)*700

Direct labor rate variance= $700 unfavorable

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.

d) social security number

let me know if i am correct or not, so i can edit the answer.