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Requlred Informatlon [ The following information applies to the questions displayed below. ] unit are as follows: Direct materials: 5 k g at $ 8

Requlred Informatlon
[The following information applies to the questions displayed below.]
unit are as follows:
Direct materials: 5kg at $8.00 per kg
Direct labour: 2 hours at $14 per hour
Variable overhead: 2 hours at $5 per hour
Total standard cost per unit
following costs:
a. Purchased 160,000kg of raw materials at a cost of $7.50 per kg. All of this material was used in production.
b. Direct labour: 55,000 hours at a rate of $15.00 per hour.
c. Total variable manufacturing overhead for the month was $280,500.
varlance.).)
1. What is the materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.).)
2. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.).)
5. What is the labour rate variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.).)
6. What is the labour efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.).)
7. What is the variable overhead spending variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.).)
8. What is the variable overhead efficiency variance for March? (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.))
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