Computation of Variances and Other Missing Data

The following data ofr O'Keefe company pertain to the production of 300 units of Product X during December. Selected data items are omitted.

Direct material (all materials purchased were used first during the period)

Standard cost per unit (a) pounds at $3.20 per pound

Total actual cost: (b)

Standard cost allowed for units produced: $5,673

Materials price variance: (c)

Materials quantity variance: $96 U

Direct Labor

Standard cost: 2 hours at $7.00

Actual cost per hour: $7.25

Total actual cost: (d)

Labor rate variance: (e)

Labor efficiency variance: $140 U

Variable Overhead

Standard costs: (f) hours at $4.00 per direct labor hour

Actual cost: $2,250

Variable overhead spending variance: (g)

Variable overhead efficiency variance: (h)

Required

Complete the missing amounts lettered (a) through (h). Show your work