Aquafloat Corporation manufactures rafts for use in swimming pools. The standard cost for material and labor is $90.00 per raft. This includes 10 kilograms of direct material at a standard cost of $5.00 per kilogram, and 5 hours of direct labor at $8.00 per hour. The following data pertain to November: Work-in-process inventory on November 1: none. Work-in-process inventory on November 30: 800 units (70 percent complete as to labor; material is issued at the beginning of processing). Units completed: 6,200 units. Purchases of materials: 50,600 kilograms for $250,470. Total actual labor costs: $271,420. Actual hours of labor: 33,100 hours. Direct-material quantity variance: $2,200 unfavorable. Required: 1. Compute the following amounts. a. Direct-labor rate variance for November. b. Direct-labor efficiency variance for November. c. Actual kilograms of material used in the production process during November. d. Actual price paid per kilogram of direct material in November. e. Total amounts of direct-material and direct-labor cost transferred to Finished-Goods Inventory during November. f. The total amount of direct-material and direct-labor cost in the ending balance of Work-in-Process Inventory at the end of November. 2. Prepare journal entries to record the following: a. Purchase of raw material and rate variance. b. Adding direct material to Work-in-Process Inventory and efficiency variance. c. Adding direct labor to Work-in-Process Inventory and labor variances. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 1D Req 1E Req 1F Req 2 The director of cost management for Portland Instrument Corporation compares each month's actual results with a monthly plan. The standard direct-labor rates for the year just ended and the standard hours allowed, given the actual output in April, are shown in the following schedule. Labor class III Labor class II Labor class I Standard Direct- Labor Rate per Hour Standard Direct-Labor Hours Allowed, Given April Output $24.50 21.50 15.50 1,500 1,500 1,500 A new union contract negotiated in March resulted in actual wage rates that differed from the standard rates. The actual direct-labor hours worked and the actual direct-labor rates per hour experienced for the month of April were as follows: Labor class III Labor class II Labor class I Actual Direct- Labor Rate per Hour $26.30 23.00 16.70 Actual Direct- Labor Hours 1,600 1,800 1,250 Required: 1-a. Compute the direct-labor rate variance for each labor class for the month of April. 1-b. Compute the direct-labor efficiency variance for each labor class for the month of April. 2. Which of the following could be considered an advantage of using a standard-costing system in which the standard direct-labor rates are not changed during the year to reflect such events as a new labor contract? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2