Production - 75,000 units

Raw Material - 270,000 pounds at a cost of $1,026,000

Direct Labor - 187,500 hours at a cost of $4,125,000

Variable Overhead - 135,000 machine hours at a cost of $567,000

Fixed Overhead - $900,000

At the end of year, the actual results were as follows -

Production - 73,000 units

Raw Material - 265,720 pounds purchased and used at a cost of $1,036,308

Direct Labor - 179,580 hours at a cost of $3,968,718

Variable Overhead - 133,590 machine hours at a cost of $558,406.20

Fixed Overhead - $891,000

1) What is the raw material standard for the amount of pounds per unit ?

2) What is the standard price per pound of raw material ?

3) What is the Raw Material Efficiency Variance ?

4) What is the Raw Material Price Variance ?

5) What is the Direct Labor standard for hours per unit?

6) What is the standard price per Direct Labor hour ?

7) What is the Direct Labor Efficiency Variance?

8) What is the Direct Labor Rate Variance?

9) What is the Total Variance for Direct Labor ?

10) What is the standard rate per machine hour for Variable Overhead ?

11) What is the Efficiency Variance for Variable Overhead ?

12) What is the Variable Overhead Rate Variance ?

13) What is the Total Variance for Variable Overhead ?

14) What is the standard for Fixed Overhead per unit ?

15) What is the Volume-Variance for Fixed Overhead ?

16) What is the Spending Variance for Fixed Overhead ?

17) What is the Total Variance for Fixed Overhead ?