The Alabama Hospital performs testing in its laboratory. The following standards have been set for each test performed Direct materials: 2 gallons at $3 per gallon Direct labor 0.5 hours at 58 per hour Variable overhead: 0.5 hours at $2 per hour During May, the hospital performed 4,000 tests. On May 1 there were no direct materials on hand. Variable overhead is assigned to tests on the basis of direct labor hours. The following events occurred during May Direct materials purchased: 8,100 gallons at $3.10 per gallon Direct materials used: 7.600 gallons Direct labor used: 2.200 hours at $8.25 per hour Actual variable overhead: $4,175 The hospital applies variable overhead to products on the basis of standard direct labor-hours. The materials price variance for May was: Select one: a $2,310 U b. $2,310 F X C. $810 U d. $810 F The Alabama Hospital performs testing in its laboratory. The following standards have been set for each test performed Direct materials: 2 gallons at $3 per gallon Direct labor 0.5 hours at $8 per hour Variable overhead: 0.5 hours at $2 per hour During May, the hospital performed 4,000 tests. On May 1 there were no direct materials on hand. Variable overhead is assigned to tests on the basis of direct labor hours. The following events occurred during Direct materials purchased: 8,100 gallons at $3.10 per Direct materials used 7,600 gallons Direct labor used: 2.200 hours at $8.25 per hour Actual variable overhead: 54.175 The hospital applies vanable overhead to standard direct labor-hours The materials quantity variance for May Select one a $1.200 U b. $1,200 F c. $300 U . d. $1,500 F The Alabama Hospital performs testing in its laboratory. The following standards have been set for each test performed: Direct materials: 2 gallons at $3 per gallon Direct labor 0.5 hours at $8 per hour Variable overhead: 0.5 hours at $2 per hour During May, the hospital performed 4,000 tests. On May 1 there were no direct materials on hand Variable overhead is assigned to tests on the basis of direct labor hours. The following events occurred during May Direct materials purchased: 8,100 gallons at $3.10 per gallon Direct materials used: 7.600 gallons Direct labor used: 2.200 hours at $8 25 per hour Actual variable overhead: $4,175 The hospital applies variable overhead to products on the basis of standard direct labor-hours The labor rate variance for May was Select one . a. $1,050 U X b. $550 U D C 52,150 U d. $2.150 F The Alabama Hospital performs testing in its laboratory. The following standards have been set for each test performed: Direct materials: 2 gallons at $3 per gallon Direct labor 0.5 hours at $8 per hour Variable overhead: 0.5 hours at $2 per hour During May, the hospital performed 4,000 tests. On were no direct materials on hand. Variable overhead is assigned to tests on the basis of direct labor hours. The following events occurred during May Direct materials purchased: 8, 100 gallons at $3.10 per Direct materials used: 7,600 gallons Direct labor used: 2,200 hours at $8 25 per hour Actual variable overhead: $4,175 The hospital applies variable overhead to products on the basis of standard direct labor-hours. The labor efficiency variance May was Select one: . a $1,050 U b. $550 U X C. $1,600 F d. 51,600 U