Ans 1 Direct laban rate variance = Actual hass X ( Adual rate - stended rate ) Here , Actual hours = 41,000 Actual rate = $ 594, 500 / 41000 direct labour hours = $ 14. so per hour And , standard rate = $14. 30 per hour Direct crate of Direct labor gate variance = 41000 x ( $14. 50 - $ 14 . 30 ) = 18 020 1. = $ 8 200 Unfavorable I Direct labor efficiency variance = standard Rate X CAckval hours - standard hour )Date. Page No. Standard Deale = $ 14. 30 per hour Actual her = 41 020 Istandand hous = 5, 500 Units x lo hours = 55, 000 he Direct labor efficiency variance = $14 . 30 x ( 41020 - 2 5 50 00 ) = $ 200, 20 0 favorable Direct labor cost variance = Direct labor rate variance Direct labor efficiency variance 1 Direct labor make variance = $ 8200 Unfavorable Direct labor efficiency "variance = $ 200, 200 towerable Direct labor cost variance = $ 8, 200 0 $ 200, 200 = $192,000 Favorable . 2 7 Direct material efficiency variance = standard price X ( Actual quantity - standard quantity ) Direct material efficiency variance = $ 1700 favorable standard price = $2 standard quantity = 5, soo units X40 pounds = 2 20 on0 pounds .Date. oh ops9 Page No. There dose , $1700 = $2 ( Actual quantity - 220,000 ) $ 1700 - Actual quatity - 220,000 $ 2 old Actual quantity =2 220,000 - 850 = 219, 150 pounds . 37 Actual price per pound of direct materials used is production |= Cost of direct material purchased / Direct material purchases . = $ 43 2000 / 1601020 = $2.70 per pound . 4 ] Direct material price variance = Actual quality X ( Actual price - standard price ) Here, Actual quantity = 219, Ise pounds Actual price = $ 2 . 70.