Hector Company has developed the following standard costs for its product for 2016:

HECTOR COMPANY Standard Cost Card Product A Cost Element Standard Standard Quantity Price = Standard Cost Direct materials 4 pounds $3 $12 Direct labor 3 hours 8 24 Manufacturing overhead 3 hours 12 $48 The company expected to produce 30,000 units of Product A in 2017 and work 90,000 direct labor hours. Actual results for 2017 are as follows: . 31,000 units of Product A were produced. . Actual direct labor costs were $746,200 for 91,000 direct labor hours worked. Actual direct materials purchased and used during the year cost $346,500 for 126,000 pounds. Actual variable overhead incurred was $155,000 and actual fixed overhead incurred was $205,000. Compute the following variances showing all computations to support your answers. Indicate whether the variance is favorable or unfavorable? (a) Materials quantity variance (b) Total direct labor variance (c) Direct labor quantity variance Activate Win (d) Direct materials price variance Go to PC setting