1 Ice Hockey Skates 1 point B D/M & D/L Variance Data: 2 3 List Your Product Name Here 4 5 ENTER YOUR INDIVIDUAL CASE NUMBER HERE 6 Your case number is in your gradebook. 7 8 First Name 9 Enter Your Name Here 39,668 Last Name 10 11 12 BASE DATA: (one unit take one pound of materials) 13 960 $ 1,955.00 829 14 Budgeted (Std) Quantity of Direct Materials for Production 15 16 Budgeted (Std) Price of Direct Materials per Pound 17 18 Budgeted (Std) Quantity of Direct Labor Hours Used for Production 19 20 Budgeted (Std) Price of Direct Labor per Hour 21 22 Budgeted (Std) Units Produced and Sold 23 24 Actual Quantity of Direct Materials Used for Production $ 849.00 34,834 944 25 $ 1,812.00 832 26 Actual Price of Direct Materials per Pound 27 28 Actual Quantity of Direct Labor Hours Used for Production 29 30 Actual Price of Direct Labor per Hour 31 $ 852.00 32 33 Note: It takes one unit of direct materials to make one production unit. 34 35 WITH THE ABOVE DATA SOLVE THE FOLLOWING QUESTIONS REGARDING YOUR PRODUCT: 36 34 35 WITH THE ABOVE DATA SOLVE THE FOLLOWING QUESTIONS REGARDING YOUR PRODUCT: 36 37 QUESTION ONE 38 What is the Direct Manufacturing Labor Price Variance? 39 Record answer in dollars and cents here 40 Record whether above answer is "favorable" or "unfavorable here 41 42 QUESTION 2 43 What is the Direct Manufacturing Material Price Variance? 44 Record answer in dollars and cents here Record whether above answer is "favorable" or "unfavorable here 46 47 QUESTION 3 48 What is the Direct Manufacturing Labor Efficiency Variance? 49 Record answer in dollars and cents 50 Record whether above answer is "favorable" or "unfavorable here 51 45