The Porter Company has a standard cost system. In July the company purchased and used 22,500 pounds of direct material at an actual cost of $53,000; the materials quantity variance was $1,875 Unfavorable; and the standard quantity of materials allowed for July production was 21,750 pounds. The materials price variance for July was: $2,725 F $2,725 U $3,250 F $3,250 U The following labor standards have been established for a particular product: The following data pertain to operations concerning the product for the last month: What is the labor rate variance for the month? $1325 U $1,780 F $430 F $430U The standards for direct labor for a product are 2.5 hours at $8 per hour. Last month, 9,000 units of the product were made and the labor efficiency variance was $8,000 F. The actual number of hours worked during the past period was: 23,500 22,500 20,500 21,500 Borden Enterprises uses standard costing. For the month of April, the company reported the following data: Standard direct labor rate: $10 per hour Standard hours allowed for actual production: 8,000 hours Actual direct lab or rate: $9.50 per hour Labor efficiency variance: $4,800 Favorable The labor rate variance for April is: $3,760 U $3,760 F $2.850 F $2,850 U The following standards for variable manufacturing overhead have been established for a company that makes only one product: The following data pertain to operations for the last month: What is the variable overhead efficiency variance for the month? $9,219 U $10,179 U $9,867 U $648 U ML Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: What was the variable overhead rate variance for the month? $4,350 favorable $2,000 unfavorable $2,650 favorable $1,700 favorable Lafi Manufacturing Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company's cost formula for variable manufacturing overhead is $4.70 per MH. During the month, the actual total variable manufacturing overhead was $20,210 and the actual level of activity for the period was 4,700 MHs. What was the variable overhead rate variance for the month? $400 unfavorable $1,880 favorable $1,880 unfavorable $400 favorable The Porter Company has a standard cost system. In July the company purchased and used 22,500 pounds of direct material at an actual cost of $53,000; the materials quantity variance was $1,875 Unfavorable; and the standard quantity of materials allowed for July production was 21,750 pounds. The materials price variance for July was: $2,725 F $2,725 U $3,250 F $3,250 U The following labor standards have been established for a particular product: The following data pertain to operations concerning the product for the last month: What is the labor rate variance for the month? $1325 U $1,780 F $430 F $430U The standards for direct labor for a product are 2.5 hours at $8 per hour. Last month, 9,000 units of the product were made and the labor efficiency variance was $8,000 F. The actual number of hours worked during the past period was: 23,500 22,500 20,500 21,500 Borden Enterprises uses standard costing. For the month of April, the company reported the following data: Standard direct labor rate: $10 per hour Standard hours allowed for actual production: 8,000 hours Actual direct lab or rate: $9.50 per hour Labor efficiency variance: $4,800 Favorable The labor rate variance for April is: $3,760 U $3,760 F $2.850 F $2,850 U The following standards for variable manufacturing overhead have been established for a company that makes only one product: The following data pertain to operations for the last month: What is the variable overhead efficiency variance for the month? $9,219 U $10,179 U $9,867 U $648 U ML Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: What was the variable overhead rate variance for the month? $4,350 favorable $2,000 unfavorable $2,650 favorable $1,700 favorable Lafi Manufacturing Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company's cost formula for variable manufacturing overhead is $4.70 per MH. During the month, the actual total variable manufacturing overhead was $20,210 and the actual level of activity for the period was 4,700 MHs. What was the variable overhead rate variance for the month? $400 unfavorable $1,880 favorable $1,880 unfavorable $400 favorable