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SAKELARIS CORPORATION MAKES A PRODUCT WITH THE FOLLOWING STANDARD COSTS: STANDARD QUANTITY OR HOURS STANDARD PRICE OR RATE DIRECT MATERIALS 8.6 KILOS $6.00 PER KILO

SAKELARIS CORPORATION MAKES A PRODUCT WITH THE FOLLOWING STANDARD COSTS:

STANDARD QUANTITY OR HOURS STANDARD PRICE OR RATE

DIRECT MATERIALS 8.6 KILOS $6.00 PER KILO

DIRECT LABOR 0.4 HOURS $11.00 PER HOUR

VARIABLE OVERHEAD 0.4 HOURS $5.00 PER HOUR

THE COMPANY REPORTED THE FOLLOWING RESULTS CONCERNING THIS PRODUCT IN AUGUST.

ACTUAL OUTPUT 8,400 UNITS

RAW MATERIALS USED IN PRODUCTION 71,750 KILOS

PURCHASES OF RAW MATERIALS 76,900 KILOS

ACTUAL DIRECT LABOR-HOURS 3,320 HOURS

ACTUAL COST OF RAW MATERIALS PURCHASES $469,090

ACTUAL DIRECT LABOR COST $35,524

ACTUAL VARIABLE OVERHEAD COST $17,928

THE COMPANY APPLIES VARIABLE OVERHEAD ON THE BASIS OF DIRECT LABOR-HOURS. THE DIRECT MATERIALS PURCHASES VARIANCE IS COMPUTE WHEN THE MATERIALS PURCHASE VARIANCE IS COMPUTED WHEN THE MATERIALS ARE PURCHASED. LABEL EACH VARIANCE AS FAVORABLE (F) OR UNFAVORABLE (U).

REQUIRED.

A. COMPUTE THE MATERIALS QUANTITY VARIANCE.

B. COMPUTE THE MATERIALS PRICE VARIANCE.

C. COMPUTE THE VARIABLE OVERHEARD EFFICIENCY VARIANCE.

D. COMPUT THE VARIABLE OVERHEAD RATE VARIANCE.

PLEASE SHOW ALL WORK.

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