Direct labor efficiency variance

Direct labor rate variance

Direct materials price variance

Direct materials quantity variance

Total direct labor variance

Total direct materials variance

Total variable overhead cost variance

Variable overhead efficiency variance

Variable overhead spending variance

Volume variance

(OPTIONS FOR THE LAST 3 BOXES)

A manufactured product has the following information for June. Actual 42,500 lbs. @ $9.10 per lb. Standard Direct materials (5 lbs. @ $9 per lb.) Direct labor Overhead Units manufactured (2 hrs. @$15 per hr.) 16,600 hrs. @ $15.40 per hr (2 hrs.@ $13 per hr.) $224,900 8,400 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost 0 0 0