Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy:

Direct materials: 8 microns per toy at $0.33 per micron
Direct labor: 1.4 hours per toy at $6.90 per hour
During July, the company produced 5,000 Maze toys. Production data for the month on the toy follow:
Direct materials: 74,000 microns were purchased at a cost of $0.31 per micron. 24,000 of these microns were still in inventory at the end of the month.
Direct labor: 7,400 direct labor-hours were worked at a cost of $54,760.
1. Compute the following variance for july

a The materials price and quantity variances

b. The labor rate and efficiency variances

Materials price variance = 1000 Favorable

Material Quantity Variance= 3300 unfavorable

2-a) Direct Labor Rate variance =3700 Unfavorable

Direct labor time variance=2760 Unfav

Explanation:

Given

Standard Quantity: Direct materials: 8 microns per toy

Standard Price  $0.33 per micron

Standard hours :Direct labor: 1.4 hours per toy

Standard rate   $6.90 per hour

Actual Production 5,000 Maze toys.

Working

Actual Quantity Purchased: Direct materials: 74,000 microns

Actual Price $0.31 per micron.

Actual Quantity  used =74,000 microns- 24,000 = 50,000 microns

Standard Quantity Allowed = 8 * 5000= 40,000 microns

Actual hours: Direct labor: 7,400 direct labor-hours

Standard Hours allowed= 5000 units * 1.4= 7000 labor hours

Actual rate = $54,760/7400=$ 7.4 per hour

Calculations

1-a) Materials price variance = (Actual Price - Standard Price )* Actual Quantity

Materials price variance = (0.31- 0.33)50,000= 1000 Favorable

Material Quantity Variance= (Standard Price) *( Actual Quantity- Standard Quantity)

Material Quantity Variance=(0.33) - (50,000- 40,000) = 0.33*10,000= 3300 unfavorable

2-a) Direct Labor Rate variance= (actual hours)* actual rate- standard rate

= 7,400 (7.4-6.9)= 7400*0.5= 3700 Unfavorable

Direct labor time variance=standard rate* (actual hours )- (standard hours )

= 6.9 ( 7400- 7000) = 6.9 * 400=  2760 Unfav

someone i feel is a leader in my life id have to say would be my mother because she has give me great advice in life and got me out of tough situations. some characteristics she has are creativity, honesty, commitment, respect for others, and communication. one example of a situation when she demonstrated leadership was when i was working late on homework and i started to get stressed and got upset, she asked me if i needed some , and she me with my work. she demonstrated communication and commitment.

i don't know if this is exactly what your looking for but i hope this !

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.