Variance analysis The Milwaukee, Wisconsin, plant of Englehart Electronics Company has the following standards for component C93:

REQUIRED Determine the following variances for May:

(a) Total direct material cost variance

(b) Total direct labor cost variance

(c) Total flexible support cost variance

(d) Direct material price variance

(e) Direct material use variance

(f) Direct labor rate variance (g) Direct labor efficiency variance (h) Flexible support rate variance (i) Flexible support efficiency (use) variance.(LO 1)

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Standards Material Material price Direct labor Wage rate Flexible support cost rate Actual Results for May 2 units of material B $10 per unit of B 1 hour $10 per direct labor hour $25 per direct labor hour Used 4200 units of B, purchased at $9.75 per unit of B Paid for 2000 direct labor hours at $11 per hour Incurred $48,000 of flexible support costs Manufactured 2000 units of component C93