Direct

Material

Standard price or rate per unit of input

Standard quantity per unit of output $.$

Actual quantity used per unit of output

Actual price or rate per unit of input $.$

Actual output $..$

Direct$-$material price variance

Direct$-$material quantity variance

Total of direct$-$material variances

Direct$-$labor rate variance

Direct$-$labor efficiency variance

Total of direct$-$labor variances

Direct Labor

$$16$ per pound

c

a

$3\mathrm{.}5$ hours

$$21$ per hour

$20,000$ units

$$120,000F$

b

$$40,000F$

$$130,000$FPart of your company$$s accounting database was destroyed when a meteor hit the building. You have been able to gather the following data from your files. Reconstruct the remaining information using the available data. All of the raw material purchased during the period was used in production. $($Hint: It is helpful to solve for the unknowns in the order indicated by the letters in the following table.$)$