220 221 #4 Standard Cost Analysis 222 223 Standard cost information: Actual.cost information: 224 Standard 225 Quantity / Standard Cost/ Total Actual Total Actual 226 Unit Standard Price Unit Used Cost Direct 227 Direct Material $ 0.75 $ 1.50 Material 19,500 $ 19,500 228 Direct Labor $ 0.35 $ 1.75 Direct Labor 34,500 $ 15,750 Variable 229 Variable Overhead_ $ 1.20 $ 3.60 Overhead | 18,000 $ 22,000 230 231 a) Complete Direct Materials variance analysis. Use positive for Favorable and negative for Unfavorable. 232 Actual Total Standard Total Actual Quantity 234 Results / Price Variance AQ x SP Results Variance Standard Allowed/ 235 Unit Allowed Unit 236 Units Produced 7,500 7,500 7,500 Direct Materials Materials/Unit 238 Produced 233 237 239 Price/Unit 240 Total Cost Standard Allowed/ Unit 249 Direct TotalDM 241 Variance 242 243 b) Complete Direct Labor variance analysis. Use positive for Favorable and negative for Unfavorable. 244 245 Actual DL Total 246 Results/ Total Actual Labor rate efficiency Standard 247 Unit Results variance AQ x SP variance Allowed 248 Units Produced 7500 7,500 7,500 Direct Materials Materials / 250 Unit 251 Price/Unit 252 Total Cost TotalDM 253 Variance 254 255 c) Complete Variable Overhead variance analysis. Use positive for Favorable and negative for Unfavorable. 256 257 Actual DL | Total 258 Results/ Total Actual Labor rate efficiency Standard 259 Unit Results variance AQ x SP variance Allowed Standard Allowed/ Unit 260 Units Produced 7,500 7,500 7,500 261 Direct Materials Materials / 262 Unit 263 Price/Unit Total Cost 264 TotalDM 265 Variance 266