Direct materials: 5 feet wood @ $0.60 per foot Direct labor: 1.2 hours @ $14 per hour During the last month, Alpha manufactured 4,000 cricket bats. 50,000 feet wood was purchased @ 0.56 per foot. 20,000 feet wood was in stock at the end of the month. 6,400 direct labor hours were worked @ $15 per hour. Required: 1. Compute direct materials price and quantity variances. 2. Compute direct labor rate and efficiency variances.

******************************** ABC company manufactures and sells product X. The standards for materials and labor costs to manufacture one unit of product X are as follows: Direct materials: 6lbs. @ $2 per lb. Direct labor: 1 hour @ $8 per hour ABC company purchased 26,000 pounds of direct materials for $27,300 and manufactured 4,000 units of product X during January 2012. The following variances data belong to the January 2012: Materials price variance: $2,600 Unfavorable Materials quantity variance: $2,000 Unfavorable Direct labor rate variance: $1,520 Unfavorable Direct labor efficiency variance: $1,600 Favorable Required: 1. Compute standard quantity of direct materials allowed (in pounds) for January production. 2. Compute the actual quantity of materials used (in pounds) for January production. 3. Compute the standard direct labor hours allowed for January production. 4. Compute actual direct labor hours worked for January production. 5. Compute actual direct labor rate.