Chuck makes Supersized Chucky-Puffs. Chuck determined the standards for each unit (bag) of Chucky-Puff produced requires 1.5 gallons of ingredients (direct materials) and 0.75 direct labor hours. Chuck expects to pay $2 per gallon of ingredients and his employees a rate of $10 per hour. Based on the companys forecasts, Chuck is expecting to sell 15,000 units (bags) during the year. At the end of year, Chuck actually sold 16,000 units (bags) and used 20,000 gallons of ingredients and paid $1.9 per gallon. Further, Human resources informed Chuck that he incurred $80,000 in direct labor costs from 10,000 direct labor hours (assume no overtime is used).

(A) What is the material price variance?

(B) What is the material quantity variance?

(C) What is the labor rate variance?

(D) What is the labor usage variance?

6. Chuck makes Supersized Chucky-Puffs. Chuck determined the standards for each unit (bag) of Chucky-Puff produced requires 1.5 gallons of ingredients (direct materials) and 0.75 direct labor hours. Chuck expects to pay $2 per gallon of ingredients and his employees a rate of S10 per hour. Based on the company's forecasts, Chuck is expecting to sell 15,000 units (bags) during the year. At the end of year, Chuck actually sold 16,000 units (bags) and used 20,000 gallons of ingredients and paid S1.9 per gallon. Further, Human resources informed Chuck that he incurred $80,000 in direct labor costs from 10,000 direct labor hours (assume no overtime is used) a. What is the material price variance? b. What is the material quantity variance? .what is the labor rate variance? d. What is the labor usage variance