2.

Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours 0.20 hours 0.20 hours Standard Price or Standard Cost Per Rate Unit $30.00 per hour $6.00 $ 6.60 per hour $1.32 Direct labor Variable overhead In November the company's budgeted production was 6,900 units, but the actual production was 6,700 units. The company used 1,520 direct labor-hours to produce this output. The actual variable overhead cost was $9,424. The company applies variable overhead on the basis of direct labor-hours. The variable overhead rate variance for November is: Juhasz Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours 0.40 hours 0.40 hours Standard Price or Rate $28.00 per hour $ 4.80 per hour Direct labor Variable overhead In August the company produced 8,700 units using 3,610 direct labor-hours. The actual variable overhead cost was $16,245. The company applies variable overhead on the basis of direct labor-hours. The variable overhead efficiency variance for August is: Puvo, 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: Direct materials Direct labor Variable manufacturing overhead Standard Quantity 2.5 pounds 0.6 hours 0.6 hours Standard Price or Standard Rate Cost $ 5.00 per pound $12.50 $14.00 per hour $ 8.40 $ 3.25 per hour $ 1.95 During March, the following activity was recorded by the company: The company produced 4,600 units during the month. A total of 15,000 pounds of material were purchased at a cost of $42,000. There was no beginning inventory of materials on hand to start the month; at the end of the month, 3,000 pounds of material remained in the warehouse. . During March, 2,960 direct labor-hours were worked at a rate of $14.50 per hour. Variable manufacturing overhead costs during March totaled $5,972. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for March is