Outdoor Company manufactures camping tents from a lightweight synthetic fabric. Each tent has a standard materials cost of $21, consisting of 4 yards of fabric at $5.25 per yard. The standards call for 2 hours of assembly at $10 per hour. The following data were recorded for October, the first month of operations:

Fabric purchased

9,000 yards x $ 5.00 per yard

Fabric used in production of 1,700 tents

7,000 yards

Direct labor used

(a) Compute all standard cost variances for materials and labor.

Materials price variance (usage basis)

$Answer Answer

(b) Determine the standard variable cost of 1,700 tents produced, separated into direct materials and labor.

Direct materials	$Answer
Direct labor	$Answer
Total standard variable cost	$Answer

Materials price variance (purchase basis)	$Answer Answer
Materials quantity variance	$Answer Answer
Labor rate variance	$Answer Answer
Labor efficiency variance	$Answer Answer

3,600 hours x $10.75 per hour

Labor efficiency variance (b) Determine the standard variable cost of 1,700 tents produced, separated into direct materials and labor.