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Use the following to answer the next five questions: Pills Company had the following standard costs for the production of one unit: Direct materials: 1.5
Use the following to answer the next five questions: Pills Company had the following standard costs for the production of one unit: Direct materials: 1.5 pounds at $2 per pound Direct labor: 2 hours at $15 per hour Actual production costs of 1,000 units included 1,750 pounds of material at $1.95 pe pound, and 1,950 labor hours at $15.25 per hour. 21. The direct materials price variance is: a. $75.00F b. $75.00U c. $87.50F d. $87.50U 22. The direct materials quantity variance is: a. $500F b. $500U c. $487.50F d. $487.50U 23. The direct labor rate variance is: a. $500F b. $500U c. $487.50F d. $487.50U 24. The direct labor efficiency variance is: a. $750F b. $750U c. $762.50F d. $762.50U 25. If the material used was 1,600lbs, the material quantity variance would be: a. $87.50F b. $500U c. $200F d. $200U
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