Computation of Variances and Other Missing Data

The following data for O'Keefe Company pertain to the production of 300 units of Product X during December.

Selected data items are omitted. Fill in the missing amounts.

Direct materials (all materials purchased were used during period)

Standard cost per unit: _____ pounds at $3.20 per pound

Total actual cost: ______pounds costing $5,676

Standard cost allowed for units produced: $5,760

Materials price variance: $_______ U or F

Materials quantity variance: $128 U

Direct labor Standard cost: 2 hours at $7.00

Actual cost per hour: $7.25

Total actual cost: $_______

Labor rate variance: $________ U or F

Labor efficiency variance: $140 U

Variable overhead Standard costs: _______hours at $4.00 per direct labor hour

Actual cost: $2,250

Variable overhead spending variance: $________ U or F

Variable overhead efficiency variance: $________ U or F