JigSaw Puzzle Company makes a certain product using materials measured in metres, labour-hours, and overhead costs.. The company uses a standard costing system. The following information is available regarding the standard variable costs of producing one unit:

Standard variable overhead cost per direct labour-hour........................$ 6
Standard direct materials cost per metre...................................................16
Total standard variable cost per unit..........................................................63

In the month of June, 3,000 units were produced and sold. Also in June, all materials purchases made in the month were consumed in production. Selected information for June follows:

Standard cost of direct labour to produce 3,000 units................................................$48,000
Standard cost of variable manufacturing overhead to produce 3,000 units.................9,600
Actual direct materials cost...........................................................................................$130,000
Actual variable overhead cost...........................................................................................$9,720
Actual direct labour-hours...................................................................................................1,700
Total materials variance.....................................................................................................$1,400 F
Materials quantity variance...............................................................................................$2,400 U
Variable overhead spending variance.................................................................................$480 F
Actual variable cost per unit produced.............................................................................$63.42
Actual fixed overhead cost...............................................................................................$33,200

Required:

1. Based on the above information:

a. What is $9,600/$6?

b. What is the standard wage rate per direct labour-hour?

c. Calculate the standard cost of the materials required for June production.

d. What is $63.42 × 3,000?

e. Calculate the total actual direct labour cost incurred.

f. Calculate materials price variance.

g. Calculate the labour rate variance.

h. Calculate the labour efficiency variance.

2. Prepare the standard cost card.

3. Subsequent to the preparation of the analyses required above, you learn that the predetermined fixed overhead allocation rate is $20 per direct labour-hour and that the static budget volume of output was 3,200 units. Compute the fixed overhead cost variances.