Comprehensive Variance Problem Hayes Chemical Company produces a chemical used in dry cleaning. Its accounting system uses standard costs. Standards for each 0.5-gallon can of chemical and actual data for Hayes Chemical follow:

Problem 11-5 Comprehensive Variance Problem usos standand costs. Standards for cach 05-galon can of chemical and actual data for Haycs Chemical tolow. Stancards and budaeted irtonmation Gellons of material per can of cheical Hours of labor ner can of cheriral Standard cost per gal on or matenal Standard cost per hour of lato Overhead appication rate per can Expacted production-cans ot chemca Cxpected fixed uverlead per yea 1 20 1 50 $6.00 59.00 7 75 $55,000 $5 00 ariable averhead rate per 1 5-galon can tual n auialicri for 2010 Cans produce Gellons ot matenal purc hased Gallors of material sed in producticn Cost ot direct labor incured Puveen aye wale cu Actual overhcad cost 23,000 35,000 250,000 30,000 2.0U0 50 25 220,000 Require a. Dcteminc the standard cost pcr unt Matenal Labur ariablc overhcad Fued owemead Tulal uril cast b. Caiculate the mstenal, labor, and owemead standards. Malprice vac Favorable or untavorable? Matenal quanty varancc Favorstile r unal? Labor rate varance Favorable or unfanorablo? Labar efficiency variarce Favcrable cr unfavorable? Overheaclstl variarce Favorabie or unfaworablo? Overhead volume vanance ravcrable or unfavorable? c. list a pssle cause far eah wariane Unfavorabic Material Pricc Wariarco: Unfevorable Material Quantity Variance: Favorable Labor Rarte Variance: Untavorable Labor Etficiency Varance: Unntevorable Comtrol able vernead Venance: Favcrable ehead Volume Variance