1. Martha Compony started using a standard cost system several years ago. The standard costs for the prime costs of its single product follow: Material: 10 kg @ $4.50/kg - $45.00 Labor: 6 hours @ $8.50/hr - $51.00 The information below were taken from the records for November: Units completed - 5,800 units Budgeted output - 6,000 units Materials purchased - 60,000 kg Total actual labor costs - $306,600 Actual hours of labor - 36,500 hours Material usage variance - $2,250 unfavorable Total material variance - $450 unfavorable a. How much is the actual cost paid per kilogram? b. How much is the labor efficiency variance

2. 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?