26. A variable costing income statement is the same as Chapter 24 (15 Pts) . A standard a direct malerials cost accounting system can be used for all of the 5 Lucas Company has set standards for the manufacturing of clay pots to be 2 pounds of direct materials, per pot, at a cost of $3 per pound. During the current period, 600 pounds of direct materials were purchased for S1872. All of the direct materials were used to manufacture 295 pots. Lucas's direct materials price variance was ST2 $1020). 34. Using the standard costs of S5 per pound for a 10 pound bag of chocolate and the following actual cost and usage data, compute the direct materials quantity variance. 545,00 545000 $54,000 so,00? Harrison, Inc. has computed direct labor standards for the manufacture of its product to be 4 hours of labor per product at a cost of $15 per hour. During March, Harrison produced 45 products in 200 hours and incurred direct labor costs of $2,800. Harrison's direct labor rate variance was SI30U 5130