Tahoe Company has prepared the standard cost for a manufactured product based on 93,000 units and consists of: 20 21 Direct materials (0.75 pounds x $14 per pound) $10.50 92 Direct Labor (1.5 hours x $18 per hour) $27.00 93 Variable mfg overhead (applied per unit) $2.00 94 Fixed Mfg Overhead ($150,000 in total) $1.61 95 Total Standard cost per unit $41.11 per unit per unit per unit per unit During May, a total of 69000 pounds of material was purchased at $13 per pound and 63700 pounds of material were used. Tahoe Company produced 91,000 units in May with the following costs: 97 Direct Labor (135590 hours x $19 per hour) 98 Variable Manufacturing overhead (applied per unit) 99 Fixed Manufacturing Overhead $2,576,210 so $152,000 101 Required: 102 a. Calculate the materials price and usage variances. 103 b. Calculate the labor rate and efficiency variances. 104 c. Calculate the variable overhead spending and efficiency variances. 205 d. Calculate the fixed overhead spending variance. 106 Homework Settings