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1. Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per pound $7.50 Direct labor 5 hours at $7.50

1. Cost standards for one unit of product no. C77:

Direct material 3 pounds at $2.50 per pound $7.50

Direct labor 5 hours at $7.50 per hour 37.50

Actual results:

Units produced 7,800 units

Direct materials purchased 26,000 pounds at $2.70 $70,200

Direct materials used 23,100 pounds at $2.70 62,370

Direct labor 40,100 hours at $7.30 292,730

The direct-material quantity variance is:

A) $750F.

B) $750U.

C) $6,500U.

D) $7,250U.

E) None of these.

2.

The direct-labor rate variance is:

$7,800F.

$7,950F.

$8,020F.

$8,000U.

None of these.

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