A company applies overhead using machine hours and shows the following information. Compute the variable overhead variance. Actual hours of machine use 9,400 hours Standard hours of machine use (for actual production) 10,000 hours Actual variable overhead rate per machine hours $ 4.15 Standard variable overhead rate per machine hour $ 4.00 Multiple Choice O $990F. $3,900F. $2,490F. O O $990u. 0 Prev 1 of 10 iii Next > Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. Direct materials standard (6 pounds @ $2/pound) $ 12 per finished unit Actual direct materials used 303,500pounds Actual finished units produced 50,000units Actual cost of direct materials used $ 604,470 Multiple Choice 0 $2,530 favorable. $4,470 favorable. $7,000 unfavorable. 0 $2,530 unfavorable. Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials quantity variance is: Direct materials standard (7 Kilogram @ $2/Kilogram) $ 14 per finished unit Actual cost of materials purchased $ 322, 500 Actual direct materials purchased and used 150, 000 Kilogram Multiple Choice O $50,000 favorable. O $27,500 unfavorable. O $22,500 favorable. $22,500 unfavorable. The standard materials cost to produce 1 unit of Product R is 9 pounds of material at a standard price of $63 per pound. In manufacturing 9,000 units, 78,300 pounds of material were used at a cost of $65 per pound. What is the direct materials price variance? Multiple Choice O $156,600 favorable. O $156,600 unfavorable. O $13,500 favorable. O $170,100 unfavorable.