1.Lido Company's standard and actual costs per unit for the most recent period, during which 500 units were actually produced, are given below:

All of the material purchased during the period was used in production during the period.From the foregoing information, compute the following variances. Indicate whether the variance is favorable (F) or unfavorable (U).

a. Material price variance.$__________Fav / Unf

b. Material quantity variance.$__________Fav / Unf

c. Direct labor rate variance.$__________Fav / Unf

d. Direct labor efficiency variance.$__________Fav / Unf

e. Variable overhead controllable (spending) variance.$__________Fav / Unf

f. Variable overhead volume (efficiency) variance.$__________Fav / Unf

2.Raponi Corporation is developing standards for its products. One product requires an input that is purchased for $80.00 per kilogram from the supplier. By paying cash, the company gets a discount of 3% off this purchase price. Shipping costs from the supplier's warehouse amount to $6.66 per kilogram. Receiving costs are $0.45 per kilogram. Each unit of output requires 0.86 kilogram of this input. The allowance for waste and spoilage is 0.05 kilogram of this input for each unit of output. The allowance for rejects is 0.09 kilogram of this input for each unit of output.

a. Determine the standard price per kilogram of this input. $_________

b. Determine the standard kilograms of this input per unit of output. $__________