The following information should be used for Questions 5-10:

The Koski Company has established standards as follows:

Direct materials: 3 pounds at $4 per pound = $12 per unit

Direct labor: 2 hours at $8 per hour = $16 per unit

Variable overhead: 2 hours at $5 per hour = $10 per unit

Actual production figures for the past year were as follows:

Units produced500

Direct materials used1,600 pounds

Direct materials purchased (3,000 pounds)$12,300

Direct labor cost (950 hours)$7,790

Variable overhead cost incurred$4,655

The materials price variance is:

$160 U

$6,300 U

$300 U

$150 U

QUESTION 6

The materials quantity variance is:

$400 U

$410 F

$410 U

$6,000 U

QUESTION 7

The labor rate variance is:

$210 F

$190 F

$399 F

$190 U

QUESTION 8

The labor efficiency variance is:

$400 F

$800 F

$800 U

$500 F

QUESTION 9

The variable overhead rate variance is:

$345 F

$95 F

$655.50 F

$345 U

QUESTION 10

The variable overhead efficiency variance is:

$500 F

$500 U

$245 F

$250 F