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: ______ pounds at 2.88 per pound

Total actual cost: ______ pounds costing $5,673

Standard cost allowed for units produced: $5,760

Materials price variance: _______ F

Materials quantity variance: $144 U

Direct labor Standard cost: 2 hours at $7.00

Actual cost per hour: $7.25

Total actual cost: _______

Labor rate variance: _______ U

Labor efficiency variance: $140 U

Variable overhead

Standard costs: ______ hours at $4.00 per direct labor hour

Actual cost: $3,700

Variable overhead spending variance: _____ F

Variable overhead efficiency variance: 80 U