Materials and Labor Variances With Incomplete Data. Paul Shenk, the cost accountant for Billings Plastics, Inc. has provided you with actual and standard cost data for one of the basic product lines for the month of February:

During February, 18,000 units of product were manufactured.
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1. Determine the materials price variance.
2. What was the standard cost of the standard units of direct materials used in production?
3. Compute the materials usage variance.
4. How many direct labor hours were used in February?
5. Compute the labor efficiency variance.
6. What was the standard cost of direct labor charged to work in process?

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Purchased and used at actual cost, 38,000 units..... Actual direct labor payroll.... Standard materials units per product unit Standard labor time per product unit Standard price per unit of materials Standard direct labor rate per hour. Labor rate variance (unfavorable) Direct Materials Direct Labor $104,500 $63,000 2 20 minutes $2.50 $10 $6,000