Silmon Corporation makes a product with the following standard costs:

In June the company produced 4,900 units using 21,810 grams of the direct material and 2,530 direct labor-hours. During the month the company purchased 24,800 grams of the direct material at a price of $8.80 per gram. The actual direct labor rate was $16.60 per hour and the actual variable overhead rate was $1.90 per hour. The materials price variance is computed when materials are purchased. Variable overhead is applied on the basis of direct labor-hours.
In June the company produced 4,900 units using 21,810 grams of the direct material and 2,530 direct labor-hours. During the month the company purchased 24,800 grams of the direct material at a price of $8.80 per gram. The actual direct labor rate was $16.60 per hour and the actual variable overhead rate was $1.90 per hour. The materials price variance is computed when materials are purchased. Variable overhead is applied on the basis of direct labor-hours.
Required:
Compute the following variances for raw materials, direct labor, and variable overhead, assuming that the price variance for materials is recognized at point of purchase:
Direct materials quantity variance $
Direct materials price variance $
Direct labor efficiency variance $
Direct labor rate variance$
Variable overhead efficiency variance $
Variable overhead rate variance $

Transcribed Image Text:

Standard Quantity Standard Price or Hours or Rate Direct materials4.4grams S 9.00per gram Direct labor Variable overhead 0.5hours 2.00per hour 0.5hours S16 .00per hour