7. Oddo Corporation makes a product with the following standard costs

	Standard Quantity or Hours	Standard Price or Rate	Standard Cost Per Unit
Direct materials	3.0 ounces	$7.70 per ounce	$23.10
Direct labor	0.8 hours	$22.00 per hour	$17.60
Variable overhead	0.8 hours	$6.00 per hour	$4.80

The company reported the following results concerning this product in December.

Originally budgeted output	4,470	units
Actual output	4,270	units
Raw materials used in production	13,200	ounces
Actual direct labor-hours	3,806	hours
Purchases of raw materials	14,950	ounces
Actual price of raw materials	$7.50	per ounce
Actual direct labor rate	$19.00	per hour
Actual variable overhead rate	$6.10	per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The variable overhead efficiency variance for December is: $2,379 U $2,340 F $2,340 U $2,379 F

8. Midgley Corporation makes a product whose direct labor standards are 0.9 hours per unit and $27 per hour. In April the company produced 7,300 units using 6,070 direct labor-hours. The actual direct labor cost was $127,470.

The labor efficiency variance for April is:

$13,500 U

$13,500 F

$49,920 F

$49,920 U