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1 3. (20 pruuu) Arlon Jeffries Candy Corporation produces and sells taffy by the bag and uses a standard cost system to collect costs related

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1 3. (20 pruuu) Arlon Jeffries Candy Corporation produces and sells taffy by the bag and uses a standard cost system to collect costs related to production. The following information relates to Arlon Jeffries' operations for last month: 1. Number of bags of taffy sold 2. Standard price of direct material (per pound) 3. Standard direct labor rate per hour + Actual quantity of direct materials purchased (in pounds).... 5. Standard quantity of direct materials per bag (in pounds) 6. Actual quantity of direct materials used..... 7. Standard quantity of direct labor per bag (in hours) 8. Number of bags produced 9. Actual price paid for direct materials (per pound) 10. Actual direct labor rate per hour... 11. Actual quantity of direct labor (in hours). 12 Labor rate variance. 13. Materials quantity variance. 14. Materials price variance 15. Labor efficiency variance. 100.000 $0.80 $14.00 ??? 1.1 ??? ??? 120,000 $0.81 ??? 13.000 $2.600 F $7.200 U $1.400 U $19.600 F Required: Compute the unknown quantities above. (Numbers 4, 6, 7, and 10.)

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