Use the following information for the Exercises below.

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[The following information applies to the questions displayed below.] A manufactured product has the following information for June.

	Standard	Actual
Direct materials	(6 lbs. @ $8 per lb.)		48,400	lbs. @ $8.10 per lb.
Direct labor	(3 hrs. @ $17 per hr.)		23,800	hrs. @ $17.40 per hr.
Overhead	(3 hrs. @ $12 per hr.)	$	294,000
Units manufactured			8,000

Exercise 23-10 Direct labor variances LO P2

AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate

Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable.

Actual Cost			0				0	Standard Cost
			$0	0			$0
				$0
				0

Hart Company made 4,800 bookshelves using 26,000 board feet of wood costing $306,800. The company's direct materials standards for one bookshelf are 6 board feet of wood at $11.70 per board foot.

Exercise 23-13 Computation and interpretation of materials variances LO P2

AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price

(1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves.

Actual Cost			0				0	Standard Cost
		0
			$0	0			$0
				$0
				$0