1.

• $6,000 favorable.

• $3,570 unfavorable.

• $2,430 favorable.

• $6,000 unfavorable.

• $3,570 favorable.

2.

• $81,000 Favorable.

• $81,000 Unfavorable.

• $80,750 Unfavorable.

• $80,750 Favorable.

• $78,250 Favorable.

3.

• $12,250 unfavorable.

• $14,700 unfavorable.

• $14,700 favorable.

• $12,250 favorable.

• $26,950 favorable.

4.

• $6,500 favorable.

• $29,000 favorable.

• $22,500 unfavorable.

• $22,500 favorable.

• $6,500 unfavorable.

Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials cost variance. Direct materials standard (6 lbs. @ $2/lb.) Actual direct materials used Actual finished units produced Actual cost of direct materials used $ 12 per finished unit 243,000 lbs. 40,000 units $ 483,570 company provided the following direct materials cost information. Compute the direct materials price variance. $ 810,000 Standard costs assigned: Direct materials standard cost (405,000 units @ $2.00/unit) Actual costs: Direct Materials costs incurred (403,750 units @ $2.20/unit) $888, 250 Use the following data to find the direct labor rate variance if the company produced 7,000 units of product during the period. $ 38.40 per unit Standard: Direct labor (3.2 hrs. per unit @ $12/hr.) Actual cost incurred: Direct labor (24,500 hrs. @ $12.50/hr.) $306,250 The following information describes a company's usage of direct labor in a recent period. The total direct labor cost variance is: Actual hours used Actual rate per hour Standard rate per hour Standard hours for units produced 45,000 $ 15.00 $ 14.50 47,000