Q2

A. Calculate the material price variance for the month. (please provide formulas)

B. Calculate the materials quantity variance for the month. (please provide formulas)

Q3

A. Calculate the labor rate variance for the month. (please provide formulas)

B. Calculate the labor efficiency variance for the month. (please provide formulas)

2. The standards for product J35 call for 1.0 pounds of a raw material that costs $15.60 per pound. Last month, 5.700 pounds of the raw material were purchased for $90,345. The actual output of the month was 5.280 units of product J35. A total of 5,200 pounds of the raw material were used to produce this output. 81,120 3) The following labor standards have been established for a particular product: Standard labor hours per unit of output ..... Standard labor rate....... ! 0.3 hours $15.50 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked .......... 3,800 hours Actual total labor cost ........ $59,470 Actual output... 12,800 units