Bravo Banking uses standard costing to analyze it performance. The data (attached) shows standard cost per unit of $5.11
Part a. Compute the material price and quantity variance.
Labor efficiency and labor rate variances.
See attached file.© BrainMass Inc. brainmass.com October 10, 2019, 5:10 am ad1c9bdddf
Solution is provided in formatted excel spreadsheet with "correct" flags all working.