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Tiger, Inc. has developed the following standard cost data

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Tiger, Inc. has developed the following standard cost data 1.Duval, Inc. budgets direct materials at $1/liter and each product requires 4 liters per unit of finished Per unit Direct materials (6 lbs.@ $2.00/lb.) $12.00 Direct labor (1hrs. @ $8.00/hr) 8.00 product. April’s activities show usage of 832 liters to complete 196 units at a cost of $798.72. Compute the direct materials price and quantity variances. Indicate is the variance is favorable or unfavorable. 2.Tiger, Inc. has developed the following standard cost data based on 60,000 direct labor hours, which is 75% of capacity. During the last period, the company operated at 80% of capacity and produced 128,000 units. Actual Direct materials (760,000 lbs. $1,558,000 Direct labor (126,000 hrs.) 1,014,300 costs were: Determine the direct materials price and quantity variances and the direct labor rate and efficiency variances. Indicate whether each variance is favorable or Direct materials: Price variance …………………… Quantity variance………………… Direct labor: Rate variance………………………. Efficiency variance………………… unfavorable. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Tiger, Inc. has developed the following standard cost data

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