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1. Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance.

Direct materials standard (6 pounds @ $2/pound)	$ 12	per finished unit
Actual direct materials used	255,100	pounds
Actual finished units produced	42,000	units
Actual cost of direct materials used	$ 507,750

2.Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials price variance is:

Direct materials standard (7 pounds @ $1.95/pound)	$ 13.65	per finished unit
Actual cost of materials purchased	$ 314,150
Actual direct materials purchased and used	149,000	pounds

3.Fletcher Company collected the following data regarding production of one of its products. Compute the standard quantity allowed for the actual output.

Direct materials standard (7 pounds @ $3/pound)	$ 21	per finished unit
Actual direct materials used	332,000	pounds
Actual finished units produced	47,000	units
Actual cost of direct materials used	$ 991,000

4.Claremont Company sells refurbished copiers. During the month, the company sold 225 copiers at an average price of $3,900 each. The budget for the month was to sell 220 copiers at an average price of $4,100. The expected total sales for 225 copiers were:

5. Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials variance.

Direct materials standard (4 pounds @ $6/pound)	$ 24	per finished unit
Actual direct materials used	82,000	pounds
Actual finished units produced	20,000	units
Actual cost of direct materials used	$ 483,920

6. Jefferson Company uses the following standard to produce a single unit of its product: variable overhead $4.40 (2 hours per unit @ $2.20/hour). Actual data for the month show variable overhead costs of $107,280, and 23,200 units produced. The total variable overhead variance is:

7. Georgia, Incorporated has collected the following data on one of its products. The direct materials quantity variance is:

Direct materials standard (3 pounds @ $1/pound)	$3	per finished unit
Total direct materials cost varianceunfavorable	$26,250
Actual direct materials used	140,000	pounds
Actual finished units produced	35,000	units