1. Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows:

If Processed Further

ProductUnits ProducedSales Value at Split-OffAdditional CostsSales Values

W-1053,200$316,000 $34,100 $346,000

W-2038,000 272,000 27,200 316,000

W-3030,400 184,000 18,400 228,000

W-4030,400 140,000 11,400 152,000

152,000$912,000 $91,100 $1,042,000

Required:

Assuming that total joint costs of $410,400 were allocated using the physical quantities method, what joint costs were allocated to each product? (Do not round intermediate calculations.)

2.

Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below:

	Standard Quantity or Hours		Standard Price or Rate			Standard Cost
Direct materials	7.80	pounds	$	2.30	per pounds	$	17.94
Direct labor	0.30	hours	$	8.00	per hour	$	2.40

During the most recent month, the following activity was recorded:

a.	25,900 pounds of material were purchased at a cost of $2.10 per pound.
b.	All of the material purchased was used to produce 3,000 units of Zoom.
c.	700 hours of direct labor time were recorded at a total labor cost of $6,300.

Required:

1.	Compute the materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

Compute the labor rate and efficiency variances for the month.