Jordon Company plans to sell 105,000 units in November and 140,000 units in December. Jordan's policy is that 10% of the following month's sales must be in ending inventory. On November 1, there were 12,000 units in inventory. It takes 10 minutes of direct labor time to make one unit. Direct labor wages average $12, per hour. What is the direct labor cost budgeted for November? During the months of November, Ryan's Express purchased 10,000 pounds of flour at $1.00 per pound. At the end of November, Ryan's Express found that it had an favorable materials price variance of $500. THE STANDARD COST PER POUND MUST BE During June Zach's Company produced 12,000 chainsaw blades. The standard quantity of material allowed per unit was 1.5 pounds of steel per blade at a standard cost of $9 per pound. The actual cost was $8 per pound. The actual pounds of steel that Zach used were 20,000 pounds CALCULATE ZACHS TOTAL MATERIALS VARIANCE CALCULATE THE MATERIALS PRICE VARIANCE CALCULATE THE MATERIALS USAGE VARIANCE Rebecca Company produces picture frames. During the year 20,000 frames were produced. Labor standards for producing the picture frames are as follows: Direct labor (2 hours @ $10.) $20.00 Rebecca's actual labor hours were 39,000 hours at a wage rate of $10.50. WHAT WAS THE TOTAL LABOR VARIANCE WHAT WAS THE LABOR RATE VARIANCE WHAT WAS THE LABOR EFFICIENCY VARIANCE In a recent month for the Miranda Company, 100,000 items were shipped to customers using 2, 300 direct labor hours. The company incurred a total of $7, 860 in variable overhead costs. According to the company's standards. .02 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3.25 per direct labor hour. WHAT IS THE TOTAL VARIABLE OVERHEAD VARIANCE? WHAT IS THE OVERHEAD RATE VARIANCE? WHAT IS THE VARIABLE OVERHEAD EFFICIENCY VARIANCE