The managers of Nakatani Enterprises have established the following standards for Model 535: Quantity Standard Price Standard Direct materials 0.8 lb. per unit $2.00 per lb Direct labor 0.2 hrs per unit $17.00 per hour Last month, 15,342 units of Model 535 were produced at a cost of $26,870 for direct materials and $49,350 for direct labor. A total of 13,252 lbs of direct materials was used. Total direct labor hours amounted to 2,878 hours. During the same period, 11,000 lbs of direct material were purchased for $21,730. The companys policy is to record materials price variances at the time materials are purchased.

Select from the following answers for questions 10 through 14, F reflects a favorable variance and U reflects an unfavorable variance.

a. $270 F. e. $270 U i. $3,237 F m. $4,236 U q. 190 hours b. $77,160 f. 978.4 lbs. j. $5,140 F n. $3,237 U r. $1,492 F c. $424 U g. $88,170 k. $71,080 o. $1,957 F s.$1.492 U d. $4,236 F. h. $76,220 l. $5,140 U p. $424 F t. $1,957 U

How much should it have cost in total for direct materials and direct labor to produce the actual output?

What was the direct materials price variance for the period?

What was the direct materials efficiency variance for the period?

What was the direct labor price variance for the period?

What was the direct labor efficiency variance for the period?