used 5,500 hours of direct labor at an actual rate of $26.00 per hour. llll pulcilaseu allu us eu 3100 pounds of direct materials at a unit price of $900 per pound. It 1. Compute the standard cost per trumpet for direct materials and direct labor. 2. Compute the price variances and quantity variances for direct materials and direct labor. 3. Based on these sketchy data, what clues for investigation are provided by the variances? 8-BI Summary Performance Reports Consider the following data for Robert Campbell Tax Services: Static budget data: sales, 3,500 clients at $350 each; variable costs, $300 per client; fixed costs, $150,000 Actual results at actual prices: sales, 3,000 clients at $360 per client: variable costs, $920,000; fixed costs, $159,500 e 1. Prepare a summary performance report similar to Exhibit 8-6. page 316 2. Fill in the blanks: Static-budget income Variances Sales-activity variances Flexible-budget variances Actual income 8-B2 Material and Labor Variances Consider the following data for Tripp Manufacturing: Direct Materials Direct Labor S7.50 S 12.00 Actual price per unit of input (lh and hr)