Inputs

Standard Quantity$/$Hours

Standard Price$/$Rate

Direct Materials

Direct Labor

$5\mathrm{.}2$ Kilos

$$7\mathrm{.}00$ per Kilo

$0\mathrm{.}3$ Hours

$$25\mathrm{.}00$ per hour

Variable Overhead

$0.3$ Hour

$$1\mathrm{.}50$ per hour

The company reported the following results concerning this product in October.

Actual Output

Purchase of raw materials

$8,100$

units

Actual direct labor$-$hours

$43,130$

kilos

Raw materials used in production

$2,570$

hours

Cost of raw materials

$46,700$

kilos

Cost of direct labor

$$294,210$

Total

Actual variable overhead rate

$$61,680$

Total

$$3\mathrm{.}00$

per hour

The materials price variance is recognized when materials are purchased. Variable overhead is applied on the basis of direct labor$-$hours.

Required $($Answers should not include commas nor negative signs. Answers should be in the format $4000F$ or $4000U)$:

Compute the materials quantity variance.

Compute the materials price variance.

Total Material Variance

Compute the labor efficiency variance.

Compute the direct labor rate variance.

Total Labor Variance

Compute the variable overhead efficiency variance.

Compute the variable overhead rate variance.

Total Variable Overhead Variance