6 1 Lamp Light Limited (LLL) manufactures tampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL's standard cost card follows: Standard Standard Standard Quantity Rate Unit Cost Variable manufacturing 0.6 overhead $0.80 50.48 points During August. LLL had the following actual results: Hint Units produced and sold 24,000 Actual variable overhead $ 9,390 Actual direct labor hours 15,000 Print Required: Computo Luis variable overhead rate variance, variable overhead efficiency variance, and over- or underapplied variable overhead. (Do not round Intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable. and "None" for no effect (.e., zero variance).) Haferno Variable Overload Ran Variance Variable Overhead Efficiency Vrance Variable Overhead Spending Varance For each of the following independent cases, fill in the missing amounts: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect fi.e., zero variance). Round your per unit rates to 2 decimal places.) Kevin, Inc. Jess Company Casey Co. 1.100 1.90 Valerie, Inc. 1.000 75 0.50 250 120 9.00 $ $ S 10 Units produced Standard hours per unit Standard hours Standard rate per hour Actual hours worked Actual labor cost Direct labor rate variance Direct labor efficiency variance 5.70 1,800 350 1,800 9,000 $ 1,000 $ $ 700 F $ $ 100 U 400 F 950 U $ $ 3,400 U Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 1.85 feet of leather and predicts leather will cost $3.20 per foot. Suppose Perfect Pet made 80 collars during February. For these 80 collars, the company actually averaged 2.00 feet of leather per collar and paid $2.70 per foot. Required: 1. Calculate the standard direct materials cost per unit. 2. Without performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable. 3. Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable. 6. Calculate the direct materials price and quantity variances Complete this question by entering your answers in the tabs below. Req1 Reg 2 and 3 Reg 6 Calculate the standard direct materials cost per unit. (Round your answer to 2 decimal places.) Standard Dimet Materials per Collar Req 2 and 3 > Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 1.85 feet of leather and predicts leather will cost $3.20 per foot. Suppose Perfect Pet made 80 collars during February. For these 80 collars, the company actually averaged 2.00 feet of leather per collar and paid $2.70 per foot. Required: 1. Calculate the standard direct materials cost per unit. 2. Without performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable. 3. Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable. 6. Calculate the direct materials price and quantity variances. Complete this question by entering your answers in the tabs below. Reg 6 Reg 1 Reg 2 and 3 2. Without performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable. 3. Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable. 2. Direct Material Price Variance 3. Direct Material Quantity Variance Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 1.85 feet of leather and predicts leather will cost $3.20 per foot. Suppose Perfect Pet made 80 collars during February. For these 80 collars, the company actually averaged 2.00 feet of leather per collar and paid $270 per foot. Required: 1. Calculate the standard direct materials cost per unit. 2. Without performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable. 3. Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable. 6. Calculate the direct materials price and quantity variances. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg 6 Calculate the direct materials price and quantity variances. (Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U* for unfavorable, and "None" for no effect (le, zero variance).) Direct Material Price Variance Direct Material Quantity Variance