1. Direct materials variances

Yealink Company produces a product that requires 3.0 standard pounds per unit. The standard price is $7.50 per pound. If 30,000 units used 72,000 pounds, which were purchased at $8.00 per pound, what is the direct materials (A) price variance, (B) quantity variance, and (C) cost variance?

2. Direct labor variances

Yealink Company produces a product that requires 2.5 standard direct labor hours per unit at a standard hourly rate of $10 per hour. If 7,500 units used 30,900 hours at an hourly rate of $9.90 per hour, what is the direct labor (A) rate variance, (B) time variance, and (C) cost variance?

3. Factory overhead controllable variance

Yealink Company produced 7,500 units of product that required 2 standard direct labor hours per unit. The standard variable overhead cost per unit is $0.45 per direct labor hour. The actual variable factory overhead was $26,385. Determine the variable factory overhead controllable variance.

4. Factory overhead volume variance

Yealink Company produced 7,500 units of product that required 2 standard direct labor hours per unit.

The standard fixed overhead cost per unit is $0.575 per direct labor hour at 29,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance.