1.Elevator Company manufactures small hydroelectric elevators. One of the direct materials used is heavy-duty carpeting for the floor of the elevator. The direct materials quantity standard for May was 6 square yards per elevator. During May, the purchasing agent purchased this carpeting at $20 per square yard; the standard price for the period was $22. Fifty elevators were completed and sold during the month; the Pro- duction Department used an average of 6.5 square yards of carpet per elevator. Calculate the companys direct materials price and quantity variances for carpeting for May.

2. Creative productions manufactured and sold 800 products at $10,000 each during the past year. At the beginning of the year, production had been set at 1,000 products, and direct materials standards had been set at 10 pounds of direct materials at $12 per pound for each product produced. During the year, the company purchased and used 7900 pounds of direct materials with a cost of $12.02 per pound. Calculate the company's direct materials price and wuantity variances for the year.

3. Clean plate company produces placemats. Each placemat calls for 0.2 meters of vinyl material; the material should cost $1 per meter. in June, the company manufactured and sold 100,000 placemats. During the month, it used 20,200 meters of vinyl material. The total cost of the material was $19,796. Compute the direct materials price and direct materials quantity variances for june.

4. Using the information that follows, Compute the total standard unit cost of priduction WW+

Direct materials quantity standard. 1 pound per unit

Direct materials price standard $10.00 per pound

Direct labor time standard 0.5 hour per unit

Direct labor rate standard $12.00 Per hour

Variable overhead rate standard $6 Per machine per hour

Fixed overhead rate standard $11 per machine hour

Machine hour standard 4 hours per unit

2.