5. Georgia Manufacturing Company has developed the following standards for one of its products: STANDARD VARIABLE COST CARD ONE UNIT OF PRODUCT I he company records materials price variances at the time of purchase. The following activities occurred during the month of April: Required: a. Calculate the materials price variance and indicate whe

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5. Georgia Manufacturing Company has developed the following standards for one of its products:
STANDARD VARIABLE COST CARD
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5. Georgia Manufacturing Company has developed the following standards for one of its products: STANDARD VARIABLE COST CARD ONE UNIT OF PRODUCT I he company records materials price variances at the time of purchase. The following activities occurred during the month of April: Required: a. Calculate the materials price variance and indicate whether it is favorable or unfavorable. b. Calculate the materials usage varianee and indicate whether it is favorable or unfavorable. c. Calculate the labour rate variance and indicate whether it is favorable or unfavorable. d. Calculate the labour efficiency variance and indicate whether it is favorable or unfavorable. 6. Vernon Manufacturing has developed the following standards for one of its products:

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