Accounting multiple choice 31-33

Fred man Company has a standard costing system and keeps all its costs up to date. The company s main product is copper wind chimes, which are made in a single department, the standard variable costs for one wind chime (unit) are as follows: The company's normal capacity is 10.000 direct labor hours. Its budgeted fixed overhead costs for the year were $44,000. During the year, it produced and sold 4,900 wind chimes and it purchased 15,000 yards of direct materials; the purchase costs was $12.40 per yard. The average labor rate was 9.10 per hour, and 10,050 direct labor hours were worked. The company's actual variable overhead costs for the year $48,900. and its fixed costs were $45,000. Using the data given above, compute the direct materials price variance. Using the data given above, compute the direct materials quantity variance. Using the data given above, compute the direct labor rate variance