Information from the Progressive Company is presented as follows:

Required:

a. Determine the direct material price variance.

b. Determine the direct material quantity variance in dollars.

c. Determine the direct labor rate variance.

d. Determine the direct labor efficiency variance in dollars.

Transcribed Image Text:

Actual cost of 9,000 pounds of direct material purchased Direct material used in production Actual number of direct labor hours Direct material quantity standard per finished unit of production Actual direct labor cost Actual production Direct material price standard Direct labor rate standard Direct labor efficiency standard Budgeted production $2,200 7,800 pounds 980 $14,945 240 units $0.25 per pound 30 pounds $15 4 hours per unit 250 units