Calculate direct materials cost variance Calculate direct materials efficiency v

Assume Dunst Consulting, Inc. Has created a standard cost card for each job. Standard Direct Materials include 15 software packages at cost of $900 per package. Standard direct labor costs per job include 105 hours at $100 per hour. Dunst plans on completing 12 jobs during March 2016. Actual direct Materials costs for March included 90 software packages at a total cost of $81,450. Actual direct labor costs included 130 hours per job at an average rate of $108 per hour. Dunst completed all 12 jobs in March.


Calculate direct materials cost variance
Calculate direct materials efficiency variance
Calculate direct labor cost variance
Calculate direct labor efficiency variance