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Computation of Variances and Other Missing Data The following data for O'Keefe Company pertain to the production of 500 units of Product X during December.

Computation of Variances and Other Missing Data The following data for O'Keefe Company pertain to the production of 500 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: Answer pounds at 2.88 per pound
Total actual cost: Answer pounds costing $5,673
Standard cost allowed for units produced: $5,760
Materials price variance: $Answer AnswerFU
Materials quantity variance: $144 U
Direct labor
Standard cost: 2 hours at $7.00
Actual cost per hour: $7.25
Total actual cost: $Answer
Labor rate variance: $Answer AnswerFU
Labor efficiency variance: $140 U
Variable overhead
Standard costs: Answer hours at $4.00 per direct labor hour
Actual cost: $3,700
Variable overhead spending variance: $Answer AnswerFU
Variable overhead efficiency variance: $Answer AnswerFU

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