Requirement 1 Majer Corporation makes a product with the following standard costs Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6 4 ounces $ 3 00 per ounce $ 19 20 Direct labor 0 7 hours $ 19 00 per hour $ 13 30 Variable overhead 0 7 hours $ 3 00 per hour $ 2 10 The company reported the following results concerning this product in February Originally budgeted output 4,700 units Actual output 5,200 units Raw materials used in production 30,400 ounces Actual direct labor hours 1,820 hours Purchases of raw materials 32,800 ounces Actual price of raw materials $ 87 10 per ounce Actual direct labor rate $ 77 60 per hour Actual variable overhead rate $ 6 00 per hour The company applies variable overhead on the basis of direct labor hours The direct materials purchases variance is computed when the materials are purchased The materials quantity variance for February is Requirement 2 Majer Corporation makes a product with the following standard costs Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 3 0 ounces $ 5 50 per ounce $ 16 50 Direct labor 0 8 hours $ 11 50 per hour $ 9 20 Variable overhead 0 8 hours $ 4 00 per hour $ 3 20 The company reported the following results concerning this product in February Originally budgeted output 6,000 units Actual output 5,800 units Raw materials used in production 17,400 ounces Actual direct labor hours 4,840 hours Purchases of raw materials 19,000 ounces Actual price of raw materials $ 5 25 per ounce Actual direct labor rate $ 13 20 per hour Actual variable overhead rate $ 4 70 per hour The company applies variable overhead on the basis of direct labor hours The direct materials purchases variance is computed when the materials are purchased The materials price variance for February is Requirement 3 Majer Corporation makes a product with the following standard costs Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6 1 ounces $ 2 00 per ounce $ 12 20 Direct labor 0 7 hours $ 12 00 per hour $ 8 40 Variable overhead 0 7 hours $ 2 00 per hour $ 1 40 The company reported the following results concerning this product in February Originally budgeted output 5,400 units Actual output 5,700 units Raw materials used in production 33,100 ounces Actual direct labor hours 2,030 hours Purchases of raw materials 35,500 ounces Actual price of raw materials $ 17 10 per ounce Actual direct labor rate $ 7 60 per hour Actual variable overhead rate $ 5 30 per hour The company applies variable overhead on the basis of direct labor hours The direct materials purchases variance is computed when the materials are purchased The variable overhead efficiency variance for February is

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Requirement: 1 Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct

Requirement: 1

Majer Corporation makes a product with the following standard costs:

	Standard Quantity or Hours			Standard Price or Rate			Standard Cost Per Unit
Direct materials		6.4	ounces	$	3.00	per ounce	$	19.20
Direct labor		0.7	hours	$	19.00	per hour	$	13.30
Variable overhead		0.7	hours	$	3.00	per hour	$	2.10

The company reported the following results concerning this product in February.


Originally budgeted output		4,700	units
Actual output		5,200	units
Raw materials used in production		30,400	ounces
Actual direct labor-hours		1,820	hours
Purchases of raw materials		32,800	ounces
Actual price of raw materials	$	87.10	per ounce
Actual direct labor rate	$	77.60	per hour
Actual variable overhead rate	$	6.00	per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials quantity variance for February is:

Requirement: 2

Majer Corporation makes a product with the following standard costs:

	Standard Quantity or Hours			Standard Price or Rate			Standard Cost Per Unit
Direct materials		3.0	ounces	$	5.50	per ounce	$	16.50
Direct labor		0.8	hours	$	11.50	per hour	$	9.20
Variable overhead		0.8	hours	$	4.00	per hour	$	3.20

The company reported the following results concerning this product in February.


Originally budgeted output		6,000	units
Actual output		5,800	units
Raw materials used in production		17,400	ounces
Actual direct labor-hours		4,840	hours
Purchases of raw materials		19,000	ounces
Actual price of raw materials	$	5.25	per ounce
Actual direct labor rate	$	13.20	per hour
Actual variable overhead rate	$	4.70	per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials price variance for February is:

Requirement: 3

Majer Corporation makes a product with the following standard costs:

	Standard Quantity or Hours			Standard Price or Rate			Standard Cost Per Unit
Direct materials		6.1	ounces	$	2.00	per ounce	$	12.20
Direct labor		0.7	hours	$	12.00	per hour	$	8.40
Variable overhead		0.7	hours	$	2.00	per hour	$	1.40

The company reported the following results concerning this product in February.


Originally budgeted output		5,400	units
Actual output		5,700	units
Raw materials used in production		33,100	ounces
Actual direct labor-hours		2,030	hours
Purchases of raw materials		35,500	ounces
Actual price of raw materials	$	17.10	per ounce
Actual direct labor rate	$	7.60	per hour
Actual variable overhead rate	$	5.30	per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The variable overhead efficiency variance for February is: