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C2104 Saved nskey Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing erhead is applied to
C2104 Saved nskey Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing erhead is applied to products on the basis of direct labor-hours 37:36 puts t materials labor le manufacturing overhead Standard Quantity or Hours per Unit of Output Standard Price or Rate 7.50 liters 0.50 hours $7.10 per liter $22.70 per hour 0.50 hours $ 6.00 per hour pany has reported the following actual results for the product for September Atput Ray natarials purchased Actual cost of raw materials purchased Raw saterials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost 9,700 units 75,100 liters $563,500 72,770 liters 4,600 hours $110,302 $23,414 Required: a. Compute the materials price variance for September b. Compute the materials quantity varience for September c. Compute the labor rate variance for September d. Compute the labor efficiency variance for September e. Compute the variable overhead rate variance for September. 1. Compute the variable overhead efficiency variance for September (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e.. zero variance). Input all amounts as positive values.) a Materials price variance b Materials quantity vanance c Labor rate variance la taber efficiency viviane Next Help Required: a Compute the materials price variance for September. b. Compute the materials quantity variance for September. c. Compute the labor rate variance for September. d. Compute the labor efficiency variance for September. e Compute the variable overhead rate variance for September. f. Compute the variable overhead efficiency variance for September. (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (ie., zem variance). Input all amounts as positive values.) a Materials price variance, b. Materials quantity variance C. Labor rate variance d. Labor efficiency variance e. Variable overhead rate variance f Variable overhead efficiency variance
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