EE 23 1A Venneman Company produces a product that requires 3 5 standard pounds per unit The standard price is $5 10 per pound If 14,000 units required 48,000 pounds, which were purchased at $5 40 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance EE 23 2A Venneman Company produces a product that requires 4 standard hours per unit at a standard hourly rate of $12 per hour If 14,000 units required 58,000 hours at an hourly rate of $11 85 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total direct labor cost variance EE 23 3A Venneman Company produced 14,000 units of product that required 4 standard hours per unit The standard variable overhead cost per unit is $0 80 per hour The actual variable factory overhead was $46,100 Determine the variable factory overhead controllable variance EE 23 4A Venneman Company produced 14,000 units of product that required 4 standard hours per unit The standard fixed overhead cost per unit is $0 95 per hour at 55,000 hours, which is 100 of normal capacity Determine the fixed factory overhead volume variance EE 23 6A Prepare an income statement through gross profit for Venneman Company for the month ended March 31 using the variance data in Practice Exercises 23 1A, 23 2A, 23 3A, and 23 4A Assume that Venneman sold 14,000 units at $165 per unit

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EE 23-1A Venneman Company produces a product that requires 3.5 standard pounds per unit. The standard price is $5.10 per pound. If 14,000 units required 48,000 pounds, which were purchased at $5.40 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance?

EE 23-2A Venneman Company produces a product that requires 4 standard hours per unit at a standard hourly rate of $12 per hour. If 14,000 units required 58,000 hours at an hourly rate of $11.85 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total direct labor cost variance?

EE 23-3A Venneman Company produced 14,000 units of product that required 4 standard hours per unit. The standard variable overhead cost per unit is $0.80 per hour. The actual variable factory overhead was $46,100. Determine the variable factory overhead controllable variance.
EE 23-4A Venneman Company produced 14,000 units of product that required 4 standard hours per unit. The standard fixed overhead cost per unit is $0.95 per hour at 55,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance.
EE 23-6A Prepare an income statement through gross profit for Venneman Company for the month ended March 31 using the variance data in Practice Exercises 23-1A, 23-2A, 23-3A, and 23-4A. Assume that Venneman sold 14,000 units at $165 per unit.