10.

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 0.9 hours $17.00 per hour Variable overhead 0.9 hours $3.00 per hour In March the company produced 4,500 units using 10,150 kilos of the direct material and 2,130 direct labor-hours. During the month, the company purchased 10,720 kilos of the direct material at a cost of $76,600. The actual direct labor cost was $38,253 and the actual variable overhead cost was $11,954. 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:

2.

Tidd 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	$4.00 per gram	$19.20
Direct labor	0.7 hours	$17.00 per hour	$11.90
Variable overhead	0.7 hours	$4.00 per hour	$2.80

The company reported the following results concerning this product in November.

Originally budgeted output	9,000	units
Actual output	9,100	units
Raw materials used in production	44,740	grams
Purchases of raw materials	47,230	grams
Actual direct labor-hours	7,800	hours
Actual cost of raw materials purchases	$132,370
Actual direct labor cost	$125,063
Actual variable overhead cost	$21,836

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 quantity variance for November is:

1.

Hurren Corporation makes a product with the following standard costs:

	Standard Quantity or Hours	Standard Price or Rate	Standard Cost Per Unit
Direct materials	4.5 grams	$5.00 per gram	$22.50
Direct labor	0.8 hours	$10.00 per hour	$8.00
Variable overhead	0.8 hours	$5.00 per hour	$4.00

The company reported the following results concerning this product in June.

Originally budgeted output	6,700	units
Actual output	6,600	units
Raw materials used in production	28,390	grams
Actual direct labor-hours	4,600	hours
Purchases of raw materials	31,900	grams
Actual price of raw materials purchased	$5.10	per gram
Actual direct labor rate	$10.90	per hour
Actual variable overhead rate	$4.70	per hour

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 June is: