Item 11

Fortes Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.

Inputs	Standard Quantity or Hours per Unit of Output		Standard Price or Rate
Direct materials	8.1	ounces	$ 6.20	per ounce
Direct labor	0.6	hours	$ 20.80	per hour
Variable manufacturing overhead	0.6	hours	$ 4.50	per hour

The company has reported the following actual results for the product for April:

Actual output	5,700	units
Raw materials purchased	48,300	ounces
Actual cost of raw materials purchased	$ 280,560
Raw materials used in production	46,200	ounces
Actual direct labor-hours	3,160	hours
Actual direct labor cost	$ 68,850
Actual variable overhead cost	$ 13,405

Required:

a. Compute the materials price variance for April.

b. Compute the materials quantity variance for April.

c. Compute the labor rate variance for April.

d. Compute the labor efficiency variance for April.

e. Compute the variable overhead rate variance for April.

f. Compute the variable overhead efficiency variance for April.

(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Fortes Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 8.1 ounces 0.6 hours 0.6 hours Standard Price or Rate $ 6.20 per ounce $ 20.80 per hour $ 4.50 per hour The company has reported the following actual results for the product for April: Actual output Raw materials purchased Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost 5,700 units 48, 300 ounces $ 280,560 46,200 ounces 3,160 hours $ 68,850 $ 13, 405 Required: a. Compute the materials price variance for April. b. Compute the materials quantity variance for April. c. Compute the labor rate variance for April. d. Compute the labor efficiency variance for April. e. Compute the variable overhead rate variance for April. f. Compute the variable overhead efficiency variance for April. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) a. Materials price variance b. Materials quantity variance c. Labor rate variance d. Labor efficiency variance e. Variable overhead rate variance f. Variable overhead efficiency variance