Chapter 23- Practice Test A 1. The following information is available for JKL Company: ACTUAL COSTS (For 7,500 Units) 2.4 yards of material (18,000 yards) $58,500 (For 18,000 yards) 45 hours (3,375 Direct Labor Hours) $13 per direct labor hour STANDARD COSTS 2.5 yards of material per unit $3.20 cost per yard .50 direct labor hours per unit (1/2 hour) S12 per direct labor hour Using the information above, compute the following variances (remember to designate variances as (F) favorable or (U) unfavorable): A. Direct Material Variances B. Direct Labor Variances