1. Maisa Corporation, the consultant of Marie Company, had summarized the following standard cost data extracted from the historical records and performance reports issued by the cost accounting department in the prior year to assist in her analysis and evaluation of the standard costing policy of the company:

	Input required/unit	Standard cost/unit	Standard cost/unit
Direct materials	6 kg/unit	$90/kg	$540
Direct labor	5 hrs/unit	$50/hr	$250

Other data are the following: Budgeted factory overhead for the year: Variable - 480,000 Fixed - 600,000 - The company's normal capacity per month is 400 units - Actual cost materials purchased for the year is $2,342,000 - During the year, direct materials purchased is 26,880 kg while direct materials actually used is 24,760 kgs - Actual labor costs for the year is $1,080,000 of which 24,900 direct labor hours was consumed - Actual factory overhead is $1,320,000, 65% of which is fixed cost, Factory Overhead is based on labor hours - Actual production during the year is 5,150 units a. How much is the spending variance? b. How much is the variable overhead efficiency variance? c. How much is the controllable variance

4. Remy Corporation utilizes a standard costing system in connection with the manufacture of their product "Bind".Each unit of finished product contains 2 yards of a direct material. However, a 20% direct material spoilage calculated on input quantities occurs during the manufacturing process. The standard cost of the direct material is $3 per yard. For the month, the company purchased 100,000 yards of the direct material for $350,000 and used 90,000 yards to produce 40,000 units of Material Bind. a. How much is the price variance? b. How much is the efficiency variance? c. How much is the materials variance?