b&c

The following data were drawn from the records of Kersten Corporation. Planned volume for year (static budget) 6,000 units 3.1 lbs. @$1.50 per pound Standard direct materials cost per unit 2 hours @$4.00 per hour Standard direct labor cost per unit $28,200 Total expected fixed overhead costs Actual volume for the year (flexible budget 6,300 units 2.7 lbs. @$2.00 per pound Actual direct materials cost per unit Actual direct labor cost per unit 2.3 hrs. @$3.60 per hour Total actual fixed overhead costs $22,500 Required: a. Prepare a materials varianco information tablo showing the standard prico, the actual price, the standard quantity, and the actual quantity. (Round"Standard price" and "Actual price" to 2 decimal places.) Materials Variance Information Table Amounts Standard price per pound Actual price per pound Standard quantity for fexible budget pounds Actual quantity used pounds b. Calculate the materials price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U) (Select "None" if there is no effect (ie, zero variance).) Material price variance Material usage variance c. Prepare a labor variance information tablo showing the standard price, the actual prico, the standard hours, and the actual hours. (Round "Standard price" and "Actual price" to 2 decimal places.) Labor Variance Information Table Amounts Standard price per hour Actual price per hour Standard hours for flexible budget hours Actual hours used hours d. Calculate the labor price and usage variances. Indicate whether the variances are favorable (F)or unfavorable (U) (Select "None" if there is no effect (ie, zero variance).)