You have been given the following list of variances for the PennadiCompany:

Direct materials price variance................................................$14,000 U
Direct materials quantity variance............................................10,000 U
Direct labour rate variance...........................................................8,320 F
Direct labour efficiency variance...............................................48,000 U
Variable overhead spending variance.........................................1,920 U
Variable overhead efficiency variance.........................................4,000 U
Fixed overhead budget variance..................................................3,000 U
Fixed overhead volume variance................................................43,800 F

You have also been given the following information:

Actual units produced........................................................................20,000
Budgeted units of production (normal volume).............................16,000
Standard labour-hours for actual output.........................................10,000
Standard material units for actual output.....................................200,000
Actual direct labour costs...............................................................$199,680
Actual cost of direct materials.......................................................$264,000

Overhead is applied using direct labour-hours. Variable overhead is applied at the rate of $10 per direct labour-hour. The materials purchase price was $0.528.(Attempt the following questions in the order listed.)

Required:

1. What was the actual number of units of direct materials purchased?

2. What was the standard cost of the actual number of units of direct materials purchased and the standard price of direct materials?

3. What cost for direct materials will be reported in the flexible budget?

4. What is the standard cost of direct materials used in production?

5. How much direct materials were consumed in production?

6. How many actual direct labour-hours were worked?

7. What was the standard cost per unit of output produced, assuming that variable costing was used?

8. Calculate the budgeted fixed overhead cost allocation rate.

9. Calculate the actual, budgeted, and allocated fixed overhead costs.

10. Calculate the underapplied or overapplied fixed overhead cost.