The Gibson Company has established standards as follows: Actual production figures for the past year were as follows:

a.What is the materials price variance?

b.What is the materials quantity variance?

c. What was the labor rate variance?

d.What was the labor efficiency variance?

e.What was the variable overhead rate variance?

f.What was the variable overhead efficiency variance?

2. Pence Corporation keeps careful track of the time required to fill orders. The times required for a particular order appear below:

a.Compute the delivery cycle time

b.Compute the throughput time.

c.Compute the manufacturing cycle efficiency (MCE).

d.What percentage of the production time is spent on non-value added activities?

3. Linton Products is a division of a major corporation. The following data are for the last year of operations:

What is the division's margin?

What is the division's turnover?

What is the division's return on investment (ROI)?

What is the division's residual income?

.. S4/pound-$12 per unit Direct labor Variable overhead pounds a 2 hours a $8/hour $16 per unit ours (a 2 hours @ $5 hour $10 per unit