Quantity Price 0.95 Standard costs: Direct materials Direct labor Variable overhead Standard 3.8 18.75 10 15 1.25 1.25 Actual 15,000 During December, 15,000 cases were produced. 78,000 During December, 78,000 pounds of material were purchased and used in production. During December, workers worked 22,500 hours. 22,500 The actual cost of the materials was $74,000. The actual wages and benefits paid to workers was $315,000. The actual cost of variable overhead was $148,000. $74,000 $315,000 $ 148,000 Actual Materials Cost - SP X AQ ) = MPV MPV MUV MUV Overall Materials Variance = 2. Actual Labor Cost -i SR AH LRV LRV ( SR SR ) 1 BR Lev SH ) = BR AH ) -( ST o LEV LV - LEV P10-70