1-1 Pardoe, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Standard Quantity Standard Price or Rate Standard Cost Direct materials 2.0 pounds $5.50 per pound $11.00 Direct labor 0.6 hours $16 per hour $9.6 Variable manufacturing overhead 0.6 hours $3.75 per hour $2.25 During March, the following activity was recorded by the company: The company produced 5,000 units during the month. A total of 13,500 pounds of material were purchased at a cost of $37,800. There was no beginning inventory of materials on hand to start the month; at the end of the month, 2,700 pounds of material remained in the warehouse. During March, 3,200 direct labor-hours were worked at a rate of $16.50 per hour. Variable manufacturing overhead costs during March totaled $7,400. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for March is:

1-2 Oddo Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 4.0 ounces $7.90 per ounce $31.60 Direct labor 0.7 hours $30.00 per hour $21.00 Variable overhead 0.7 hours $8.00 per hour $5.60 The company reported the following results concerning this product in December. Originally budgeted output 4,490 units Actual output 4,290 units Raw materials used in production 17,450 ounces Actual direct labor-hours 3,293 hours Purchases of raw materials 19,220 ounces Actual price of raw materials $7.70 per ounce Actual direct labor rate $19.20 per hour Actual variable overhead rate $8.10 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.

1-3 Oddo Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 3.0 ounces $6.50 per ounce $19.50 Direct labor 0.7 hours $12.50 per hour $8.75 Variable overhead 0.7 hours $5.00 per hour $3.50 The company reported the following results concerning this product in December. Originally budgeted output 6,800 units Actual output 6,600 units Raw materials used in production 19,720 ounces Actual direct labor-hours 4,820 hours Purchases of raw materials 21,320 ounces Actual price of raw materials 6.25 per ounce Actual direct labor rate 12.75 per hour Actual variable overhead rate 5.00 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 December is:

1-4 Oddo Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 3.0 ounces $8.10 per ounce $24.30 Direct labor 0.8 hours $20.00 per hour $16.00 Variable overhead 0.8 hours $8.00 per hour $6.40 The company reported the following results concerning this product in December. Originally budgeted output 4,510 units Actual output 4,310 units Raw materials used in production 13,200 ounces Actual direct labor-hours 3,718 hours Purchases of raw materials 14,990 ounces Actual price of raw materials $7.90 per ounce Actual direct labor rate $19.40 per hour Actual variable overhead rate $8.20 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.