Q1.

Jasper Company makes a single product. Its standard costs per unit are as follows: Direct materials, 2 pounds @$4.50 $9 Direct labour, 3 hours @$5 15 Overhead $10 per direct labour-hour (DLH)* 30 Standard cost per unit $54 *Based on normal capacity of 50,000 units. $7 per DLH is variable. At the beginning of 2019, there were no inventories. During 2019, the following events occurred: 1. Direct labour was $790,750 for 151,000 DLH worked. 2. Variable overhead incurred was $1,046,000. 3. Fixed overhead was $490,000. 4. Jasper produced 48,000 units. There were no unfinished goods or work in process (WIP) at the end of 20X6.Requirement 1: Variable overhead spending variance: Actual DLH Standard VOH per DLH Less: Actual VOH U/F? Fixed spending variance: Standard units Standard OH per DLH Standard VOH per DLH Unit DLH: Fixed overhead 490 000 (490 000) U/F? Total overhead variance (490 000) U/F? Requirement 2: Actual units produced Unit DLH Fixed OH per DLH $ Standard units Unit DLH Fixed OH per DLH $ Fixed OH volume variance U/F?The following standard cost data are for Dito Ltd. for January 2019: Per unit: Direct material 15kg@$5/kg Direct labour 4hr@$12/hr During January, Dito produced 720 units of output, which was 30 units less than expected. Direct material purchased and used was 10,500 kg @ $5.25/kg. Direct labour was 2,900 hours @ 12.25/hr.Requirement 1: Standard DM unit cost Actual DM unit cost Actual DM purchased Price variance U/F? Actual output Standard DM used Actual DM purchased Standard DM unit cost Quantity variance U/F? Requirement 2: Standard DL unit cost Actual DL unit cost Actual DLH Rate variance U/F? Actual output Standard DLH incurred Actual DLH Standard DLH unit cost Efficiency variance U/F