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A company has the following information for Job Alpha during July: Units produced 257 Actual materials used 1,722 lbs. Actual materials cost $ 5.85 per

  1. A company has the following information for Job Alpha during July:

Units produced

257

Actual materials used

1,722

lbs.

Actual materials cost

$ 5.85

per lb.

Actual labor hours incurred

771

Actual labor rate

$ 14.25

per hour

Work in process, July 1

$ 4,000

Work in process, July 31

$ -

The company applies manufacturing overhead to jobs based on direct labor hours.

Additional information for the company in July is as follows:

Total estimated labor hours

2,170

Standard materials per unit

7

lbs.

Standard materials cost

$ 5.50

per lb.

Standard labor hours per unit

2.80

Standard labor rate

$ 15.00

per hour

Standard variable overhead

$ 3.00

per labor hour

Standard fixed overhead

$ 2.00

per labor hour

*based on 35,000 labor hours

Actual total output in units

755

Actual total labor hours

2,454

Actual variable overhead

$ 3.40

per labor hour

Actual total fixed overhead

$ 4,040

  1. Calculate the direct materials flexible budget variance for Job Alpha in July:
  2. Calculate the July materials price variance for Job Alpha:
  1. Calculate the July materials quantity variance for Job Alpha:
  2. Calculate the July direct labor flexible budget for Job Alpha :

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