3. Simba Companys standard materials cost per unit of output is $8.00 (2.00 pounds x $4.00). During July, the company purchases and uses 3,300 pounds of materials costing $17,820 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.)

Total materials variance ----------------------- Favorable/Unfavorable/Neither favorable nor unfavorable

Materials price variance ----------------------- Favorable/Unfavorable/Neither favorable nor unfavorable

Materials quantity variance -----------------------------Favorable/Unfavorable/Neither favorable nor unfavorable

5. In October, Pine Company reports 20,300 actual direct labor hours, and it incurs $124,440 of manufacturing overhead costs. Standard hours allowed for the work done is 24,400 hours. The predetermined overhead rate is $4.85 per direct labor hour. Compute the total overhead variance.

Total Overhead Variance $--------

6. Parsons Company is planning to produce 3,000 units of product in 2020. Each unit requires 1.00 pounds of materials at $5.80 per pound and a half-hour of labor at $12.00 per hour. The overhead rate is 60% of direct labor. (a) Compute the budgeted amounts for 2020 for direct materials to be used, direct labor, and applied overhead.

Direct materials		$enter a dollar amount
Direct labor		$enter a dollar amount
Overhead

(b) Compute the standard cost of one unit of product. (Round answer to 2 decimal places, e.g. 2.75.)

Standard cost

$

Please answer all 3 questions. Thank you!