Kropf Inc. 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

7.70

liters $ 7.30 per liter

Direct labor 0.50 hours $ 24.70 per hour

Variable manufacturing overhead 0.50 hours $ 6.20 per hour

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

Actual output 9,900 units

Raw materials purchased 76,500 liters

Actual cost of raw materials purchased $ 585,500

Raw materials used in production 76,240 liters

Actual direct labor-hours 4,650 hours

Actual direct labor cost $ 120,302

Actual variable overhead cost $ 23,614

Required:

a. Compute the materials price variance for September.

b. Compute the materials quantity variance for September.

c. Compute the labor rate variance for September.

d. Compute the labor efficiency variance for September.

e. Compute the variable overhead spending variance for September.

f. Compute the variable overhead efficiency variance for September.

(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.)

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TB Problem Qu. 10-224 (Algo) Kropf Inc. has provided the following data ... Kropf Inc. 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. Standard Quantity or Hours per Unit of Inputs Output Standard Price or Rate Direct materials 7.70 liters $ 7.30 per liter Direct labor 0.50 hours $24.70 per hour Variable manufacturing overhead 2.50 hours $ 6.20 per hour The company has reported the following actual results for the product for September 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 9,900 units 76,500 liters $585,500 76,240 Uters 4,650 hours $120,302 $ 23,614 Required: a. Compute the materials price variance for September b. Compute the materials quantity variance for September c. Compute the labor rate variance for September. d. Compute the labor efficiency variance for September e. Compute the variable overhead spending variance for September f. Compute the variable overhead efficiency variance for September (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) la Materials price variance b Materials quantity variance 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 9,900 units 76,500 liters $585,500 76,240 liters 4,650 hours $120,302 $ 23,614 Required: a. Compute the materials price variance for September. b. Compute the materials quantity variance for September. c. Compute the labor rate variance for September. d. Compute the labor efficiency variance for September e. Compute the variable overhead spending variance for September. f. Compute the variable overhead efficiency variance for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.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 spending variance Variable overhead efficiency variance