Nichols, Inc. uses standard costs when preparing budgets. Standard costs and actual costs for direct labor during the period are presented below:

	Standard costs	Actual costs
Direct labor	20,000 hours at $17.50 per hour	20,800 hours at $16.90 per hour

Complete the following table (similar to the diagram in your textbook) to set up your numbers in a way to allow you to calculate the detailed direct labor variances.

Do not include dollars signs or commas in your answer. Using either of these will cause auto grading to count your answer as incorrect. Round answers to the nearest two decimal places. If you do not need a decimal place, do not use it. (For example, if an answer is 10, input as 10 and not as 10.00.)

Actual Costs			Middle Column			Standard Costs
	X	$		X	$		X	$
=$			=$			=$

Use the information you input in the table above to answer the following question:

	Dollar amount	Indicate U if unfavorable or F if favorable.
Direct labor rate variance
Direct labor efficiency variance
*Total direct labor cost variance

*It is recommended that you use a check figure to verify this answer.

Below is a separate question and is in no way related to the questions above. These are combined simply to make the point totals work out to 1/2 point per blank.

Nichols, Inc. uses a standard cost system and reports the following related to direct materials:

	Standard costs	Actual costs
Direct materials	2,350 pounds at $2 per pound	2,400 pounds at $2.10 per pound

Complete the following table (similar to the diagram in your textbook) to set up your numbers in a way to allow you to calculate the detailed direct materials variances.

Do not include dollars signs or commas in your answer. Using either of these will cause auto grading to count your answer as incorrect. Round answers to the nearest two decimal places. If you do not need a decimal place, do not use it. (For example, if an answer is 10, input as 10 and not as 10.00.)

Actual Costs			Middle Column			Standard Costs
	X	$		X	$		X	$
=$			=$			=$

Use the information you input in the table above to answer the following question:

	Dollar amount	Indicate U if unfavorable or F if favorable.
Direct materials price variance
Direct mateials quantity variance
*Total direct materials cost variance

*It is recommended that you use a check figure to verify this answer.