1. Landram Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 2.0 kilos $7.00 per kilo Direct labor 0.4 hours $12.00 per hour Variable overhead 0.4 hours $2.00 per hour In March the company produced 4,600 units using 10,100 kilos of the direct material and 2,080 direct labor-hours. During the month, the company purchased 10,670 kilos of the direct material at a cost of $76,550. The actual direct labor cost was $38,258 and the actual variable overhead cost was $11,959. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for March is:

$1,720 U $1,860 F $1,860 U $1,720 F

2. The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.5 hours Standard labor rate $13.30 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 7,300 hours Actual total labor cost $94,170 Actual output 900 units What is the labor efficiency variance for the month?

$19,545 F $19,545 U $16,125 F $16,625 F

3. A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on machine-hours. Standard hours per unit of output 4.00 machine-hours Standard variable overhead rate $11.35 per machine-hour The following data pertain to operations for the last month: Actual hours 8,700 machine-hours Actual total variable manufacturing overhead cost $95,860 Actual output 2,100 units What is the variable overhead rate variance for the month?

$3,166 F $3,166 U $2,885 F $2,885 U

4. Oddo Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 4.8 grams $2.00 per gram $9.60 Direct labor 0.8 hours $18.00 per hour $14.40 Variable overhead 0.8 hours $2.00 per hour $1.60 The company reported the following results concerning this product in November. Originally budgeted output 8,700 units Actual output 8,800 units Raw materials used in production 44,710 grams Purchases of raw materials 47,200 grams Actual direct labor-hours 7,770 hours Actual cost of raw materials purchases $132,340 Actual direct labor cost $125,033 Actual variable overhead cost $12,676 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for November is:

$2,864 F $2,730 U $2,864 U $2,730 F

5. Epley Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 11.0 pounds $10.5 per pound Direct labor 0.8 hours $34.00 per hour Variable overhead 0.8 hours $16.00 per hour In July the company produced 3,450 units using 13,800 pounds of the direct material and 2,880 direct labor-hours. During the month, the company purchased 14,560 pounds of the direct material at a cost of $35,100. The actual direct labor cost was $97,506 and the actual variable overhead cost was $44,188. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for July is:

$414 F $414 U $3,666 U $3,666 F