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Rocky Mountain chairs a privately held furniture manufacturer. For October 2016, Rocky Mountain had the following standard cost for a wicker chair. The following data

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Rocky Mountain chairs a privately held furniture manufacturer. For October 2016, Rocky Mountain had the following standard cost for a wicker chair. The following data were compiled regarding actual performance for the month of April: Actual chairs produced 2,000 Actual wicker purchased and used 3, 700 sq. yds.@ $5.10 per sq. yd. Actual Bands purchased and used 20, 075 @ $1.70 per band Actual assembly labor 900 hours @ $9.80 per hour Actual finishing labor 2, 500 hours @ $7.00 per hour Required: 1. Calculate the Price Variance and Quantity Variance for wicker. 2. Calculate the Price Variance and Quantity Variance for bands. 3. Calculate the Price Variance and Quantity Variance for assembly labor. 4. Calculate the Price variance and Quantity Variance for finishing labor

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