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The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given below Standard 2.50 Motor tune-up Standard Rate Standard Cost $33.00 582.50 The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 58 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups Labor rate variance Labor spending variance 580F $ 118 U Required: 1. Determine the number of actual lobor-hours spent on tune-ups during the week. 2. Determine the actual hourly rate of pay for tune-ups last week. (Round your answer to 2 decimal places.) hours 1. Actual labor hours 2 Actual hourly rato Ipor hour Dawson Toys, Ltd, produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materials: 7 microns per toy at $0.34 per micron Direct labor 1.4 hours per toy at $710 per hour During July, the company produced 4.900 Maze toys. The toy's production data for the month are as follows: Direct materials 70,000 microns were purchased at a cost of $0.30 per micron, 27125 of these microns were still in Inventory at the end of the month Direct labor. 7.460 direct labor hours were worked at a cost of $55,950 Required: 1. Compute the following variances for July (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. Do not round Intermediate calculations. Round final answers to the nearest whole dollar amount.) a. The materials price and quantity variances. b. The labor rate and efficiency variances Answer is not complete, 1a s 2 800 F Material price variance Material quantity variance Labor rate variance Labor efficiency variance 1b Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours In the most recent month, 150,000 items were shipped to customers using 5,900 direct labor hours. The company incurred a total of $18,290 in variable overhead costs. According to the company's standards, 0.03 direct labor-hours are required to fulfill an order for ane item and the variable overhead rate is $315 per direct labor hour Required: 1. What is the standard labor hours allowed (SH) to ship 150.000 items to customers? 2. What is the standard variable overhead cost allowed (SHSR) to ship 150,000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead efficiency variance? (For requirements 3 and 4. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.o., zero variance). Input all amounts as positive values. Do no round Intermediate calculations.) 1. Standard quantity of labor hours allowed 2 Standard variable overhead cost allowed 3. Variable overhead spending variance 4. Variable overhead rate variance Variable overhead officiency variance