1.The following materials standards have been established for a particular product:

Standard quantity per unit of output 4.4 pounds

Standard price $13.20per pound

The following data pertain to operations concerning the product for the last month:

Actual materials purchased 4,800 pounds

Actual cost of materials purchased $62,880

Actual materials used in production 4,800

pounds Actual output 700units

The direct materials purchases variance is computed when the materials are purchased.

What is the materials price variance for the month?

2.The following labor standards have been established for a particular product:

Standard labor-hours per unit of output 9.1hours

Standard labor rate $17.10per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 10,100hours

Actual total labor cost $169,680

Actual output 1,000units

What is the labor rate variance for the month?

3.Dallas Snow Removal's cost formula for its vehicle operating cost is $2,060 per month plus $306 per snow-day. For the month of January, the company planned for of 16 snow-days, but the actual level of activity was 18 snow-days. The actual vehicle operating cost for the month was $7,720. The vehicle operating cost in the static or planning budget for January would be closest to:

4.CollegeHospital bases its budgets on patient-visits. The hospital's static or planning budget for August appears below:

Budgeted number of patient-visits9,300

Budgeted variable costs:

Supplies (@$9.40 per patient-visit) $87,420

Laundry (@$9.10 per patient-visit)84,630

Total variable cost 172,050

Budgeted fixed costs:

Wages and salaries 99,730

Occupancy costs 107,730

Total fixed cost 207,460

Total cost $379,510

The total variable cost at the activity level of 9,400 patient-visits per month should be:

5.A budget that is based on the actual activity of a period is known as a:

• master budget.
• static budget.
• continuous budget.
• flexible budget.

6.The following standards have been established for a raw material used to make product O84:

Standard quantity of the material per unit of output 7.2meters

Standard price of the material $18.00per meter

The following data pertain to a recent month's operations:

Actual material purchased 3,500 meters

Actual cost of material purchased $66,150

Actual material used in production 3,200 meters

Actual output 510units of product O84

The direct materials purchases variance is computed when the materials are purchased.

Required:

a. What is the materials price variance for the month?

b. What is the materials quantity variance for the month?

(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

a.Materials price variancenot attempted

not attempted?

b.Materials quantity variance?