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Small Company has the following information available for the current year: 3.5 feet per unit (a S2.60 per @ dollar 2.60 per foot Labor 5

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Small Company has the following information available for the current year: 3.5 feet per unit (a S2.60 per @ dollar 2.60 per foot Labor 5 direct labor hours @ dollar8.50 per unit Actual: Material 95.625 feet used (100,000 feet purchased @ dollar 2.50 per foot) 122, 400 direct labor hours incurred per unit @ dollar 8.35 per hour Labor 25, 500 units were produced during the period Direct material variances were calculated as follows

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