F or U (favorable or unfavorable)

Student Name DIRVAR Section Number 6 Data Section: 8 Materials price variance input $15.90 9 Actual cost of material per pound (ounce, etc.) $16.00 10 Standard cost of mat. per pound (ounce, etc.) 2 12 Materials quantity variance input 39,500 3 13 Actual quantity of materials used 38,000 4 14 standard quantity of mat. used for actual output 15 6 16 Labor rate variance input $8.05 7 17 Actual cost of labor per hour $8.00 8 18 Standard cost of labor per hour 19 20 20 Labor efficiency variance input 44,000 21 21 Actual quantity of hours incurred 45,600 22 22 Standard quantity of hours for actual output 24 Indicate 25 25 Answer Section For U only 26 27 FORMULA FORMULA 28 28 Material price variance FORMULA FORMULA2 29 29 Material quantity variance FORMULA FORMULA10 31 31 Total materials variance 32 FORMULA 11 FORMULA4 33 33 Labor rate variance FORMULA 12 FORMULAS 24 34 Labor efficiency variance 35 FORMULA6 FORMULA 13 36 36 Total labor variance 37 FORMULA7 38 Total materials and labor variances 39 40 41 42 46 47 48 50 51 52