1 Direct Material Data 3 Standard Standard quantity per unit of output 5 5 pounds S14.80/lb 4 Standard price 7 Following is actual activity 9 Actual material purchased 10 Actual cost per lb 11 Actual material used in production 12 Actual output 13 Required 14 1)Calculate material price variance 15 2)Calculate material quantity variance 2,600 lbs. S14.55 2200 lbs. 400 units 19 20 Direct Labor Data 2 Standard 23 |Standard labor hours per unit of output 24 Standard labor rate per hour 7.7 hours S15.55/ hour 26 Following is actual activity 27 Actual hours worked 28 Actual labor cost per hour 29 Actual output 0 Required 11)Calculate labor rate variance 2 2) Calculate labor efficiency variance 9800 hours $15.50/hour 1,200 units 36 0 Overhead Data 1 Standard labor hours per unit of output 42 Overhead Rate per per Stnd Labor Hour 7.7 8.00 6 Prepare a Standard Cost Card 47 48 Standard Cost For one Unit 49 Stnd Stnd Quantity Price or Hours or Rate Stnd Cost Per unit 50