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Cibolo Company has the following information available for March when 4,200 units were produced (round answers to teh nearest dollar). Standards: Material 4.0 pounds per

Cibolo Company has the following information available for March when 4,200 units were produced (round answers to teh nearest dollar).

Standards:
Material 4.0 pounds per unit @ $5.25 per pound
Labor 6.0 hours per unit @ $10.00 per hour
Actual:
Material purchased 17,500 pounds @ $5.10
Material used 16,700 pounds
25,500 direct labor hours @ $9.85 per hour

a. Refer to Cibolo Company. What is the labor rate variance?

b. Refer to Cibolo Company. What is the labor efficiency variance?

c. Refer to Cibolo Company. What is the material price variance (based on quantity purchased)?

d. Refer to Cibolo Company. What is the material quantity variance?

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