1. Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity variance. Direct materials standard (6 pounds @ $2/pound) $ 12 per finished unit Actual direct materials used 212,750 pounds Actual finished units produced 35,000 units Actual cost of direct materials used $ 423,120

2.

Use the following data to find the direct labor rate variance if the company produced 3,500 units during the period.

Direct labor standard (4 hours @ $6.90/hour)	$ 27.60	per unit
Actual hours worked	12,700
Actual rate per hour	$ 7.30