1) CK Venkat Chemicals releases the following data related to direct labor costs for February:

Actual costs	7,700 hours at $13
Standard costs	7,000 hours at $9

Calculate the direct labor time variance?

a.	$9,100 favorable
b.	$9,100 unfavorable
c.	$6,300 unfavorable
d.	$6,300 favorable

2) CK Venkat Chemicals releases the following data relate to direct labor costs for February:

Actual costs	7,700 hours at $13
Standard costs	7,000 hours at $9

Calculate the direct labor rate variance?

a.	$28,000 favorable
b.	$28,000 unfavorable
c.	$30,800 favorable
d.	$30,800 unfavorable

3) The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows:

Standard Costs
Fixed overhead (based on 10,000 hours)		3 hours @ $.80 per hour
Variable overhead	3 hours @ $2 per hour
Actual Costs
Total variable cost, $18,000
Total fixed cost, $8,000

The amount of the factory overhead volume variance is:

a.	$2,000 favorable
b.	$2,000 unfavorable
c.	$2,500 unfavorable
d.	$0

4) The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows:

Standard Costs
Fixed overhead (based on 10,000 hours)		3 hours @ $.80 per hour
Variable overhead	3 hours @ $2 per hour
Actual Costs
Total variable cost, $18,000
Total fixed cost, $8,000

The amount of the total factory overhead cost variance is:

a.	$2,000 favorable
b.	$5,000 unfavorable
c.	$2,500 unfavorable
d.	$0