the hobbit company has established standards as follows:

direct materials: 3 pounds per unit @$4 per pound

direct labor: 2 hours per unit @ $8 per hour

variable manufacturing overhead: 2 hours per unit @ $5 per hour

please make sure to include the total per unit standard variable cost!

ompany has established standards as follows: (4 pts) Direct material: 3 pounds per unit @ $4 per pound Direct labor: 2 hours per unit @ $8 per hour Variable manufacturing overhead: 2 hours per unit @ $5 per hour Actual production figures for the past year are given below. on figures for the past year are given below. The company records the materials price variance when materials are purchased Units produced .......... Direct material used .. Direct material purchased (3,000 pounds) ............... Direct labor cost (1,100 hours) .... Variable manufacturing overhead cost incurred...... 600 units 2,000 pounds S11,400 $9,240 $5,720 The total per unit standard variable cost for the product is The materials price variance is: a) $400 U b) $400 F c) $600 F d) $600 U 19) Frodo Footware Company manufactures a product with standards for direct labor of 4 direct labor-hours per unit at a co of $12.00 per direct labor-hour. During June, 1,000 units were produced using 4,100 hours at $12.20 per hour. The direct labor efficiency variance was: a) $1,200 favorable 6 $1,200 unfavorable c) $2,020 favorable d) $2,020 unfavorable