THESE ARE SEPERATE QUESTIONS.

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#2 Direct Materials Price and Quantity Variances

SITO Elevator Company manufactures small hydroelectric elevators with a maximum capacity of ten passengers. One of the direct materials used is heavy-duty carpeting for the floor of the elevator. The direct materials quantity standard for April was 8 square yards per elevator. During April, the purchasing agent purchased this carpeting at $11 per square yard; the standard price for the period was $12. Ninety elevators were completed and sold during the month; the Production Department used an average of 8.5 square yards of carpet per elevator.

Calculate the company's direct materials price and quantity variances for carpeting for April.

Direct materials price variance:
Direct materials quantity variance:

#2 Direct Materials Price and Quantity Variances SITO Elevator Company manufactures small hydroelectric elevators with a maximum capacity of ten passengers. One of the direct materials used is heavy-duty carpeting for the floor of the elevator. The direct materials quantity standard for April was 8 square yards per elevator. During April, the purchasing agent purchased this carpeting at $11 per square yard; the standard price for the period was $12. Ninety elevators were completed and sold during the month; the Production Department used an average of 8.5 square yards of carpet per elevator. Calculate the company's direct materials price and quantity variances for carpeting for April. Direct materials price variance: Direct materials quantity variance: Weather all Products uses standard costing. The following information about overhead was generated during August: Standard variable overhead rate Standard fixed overhead rate Actual variable overhead costs Actual fixed overhead costs Budgeted fixed overhead costs Standard machine hours per unit produced Good units produced Actual machine hours $3.00 per machine hour $3.10 per machine hour $680,100 $698,800 $700,000 12 18,940 228,400 Compute the variable overhead spending and efficiency variances and the fixed overhead budget and volume variances. Variable overhead spending variance Variable overhead efficiency variance Fixed overhead budget variance Fixed overhead volume variance 1200 Favorable Unfavorable Favorable Favorable