Question
Blomdahl Corporation makes a product with the following standard costs: Standard Quantity Standard Price Inputs or Hours or Race Direct Materials 5.2 Kilos $6.00 per
Blomdahl Corporation makes a product with the following standard costs:
Standard Quantity | Standard Price | ||
Inputs | or Hours | or Race | |
Direct Materials | 5.2 Kilos | $6.00 per kilo | |
Direct Labor | .3 hours | $22.00 per kilo | |
Variable Overhead | .3 hours | $2.00 per kilo |
The company reported the following results concerning this product in October.
Actual Outpout | 8,100 | units |
Raw Materials used | 43,130 | kilos |
Actual Direct Labor Hours | 2,570 | hours |
Purchases of Raw Materials | 46,700 | kilos |
Actual Price of Raw Materials | $5.70 | per kilo |
Actual Direct Labor Rate | $23.70 | per hour |
Actual Variable Overhead Rate | $1.80 | per hour |
The materials price variance is recognized when materials are purchased. Variable overhead is applied on the basis of direct labor-hours.
Answer format: Number then F or U (F=Favorable, U=Unfavorable)
. Compute the materials quantity variance.
. Compute the materials price variance.
. Compute the labor efficiency variance.
. Compute the direct labor rate variance.
. Compute the variable overhead efficiency variance.
. Compute the variable overhead rate variance.
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