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Bramble Company has developed the following standard costs for its product for 2022: BRAMBLECOMPANY Standard Cost Card Product A Cost Component Standard Quantity Standard Price

Bramble Company has developed the following standard costs for its product for 2022:

BRAMBLECOMPANY Standard Cost Card

Product A
Cost Component

Standard Quantity

Standard Price

=

Standard Cost

Direct materials

4 pounds

$3

$12

Direct labor

3 hours

8

24

Manufacturing overhead

3 hours

4

12

$48

The company expected to produce 30,300 units of Product A in 2022 using 90,900 direct labor hours.

Actual results for 2022 are as follows:
31,200 units of Product A were produced.
Actual direct labor costs were $753,580 for 91,900 direct labor hours worked.
Actual direct materials purchased and used during the year cost $350,625 for 127,500 pounds.
Actual variable overhead incurred was $158,000 and actual fixed overhead incurred was $206,000.

Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable or unfavorable.

(a)

Materials Quantity Variance

$enter a dollar amount

select an option UnfavorableFavorableNot Applicable

(b)

Total Direct Labor Variance

$enter a dollar amount

select an option FavorableUnfavorableNot Applicable

(c)

Direct Labor Quantity Variance

$enter a dollar amount

select an option UnfavorableNot ApplicableFavorable

(d)

Direct Materials Price Variance

$enter a dollar amount

select an option UnfavorableNot ApplicableFavorable

(e)

Total Overhead Variance

$enter a dollar amount

select an option Not ApplicableUnfavorableFavorable

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