Variance Analysis $-$ YaHo, Inc.; Background information for YaHo, Inc.

YaHo, Inc. has provided the following standards data concerning one of their products. Assume that all overhead costs are variable, and that variable overhead is applied to products based on direct labor $($DL$)$ hours. YaHo, Inc. planned to produce $4,650$ units of this product in July.

Inputs

Standard quantity or standard hours of input per unit of output

Standard price or rate per unit of input

Direct materials

$5\mathrm{.}2$ liters

$$4\mathrm{.}30$ per liter

Direct labor

$0\mathrm{.}80$ DL hours

$$14\mathrm{.}00$ per DL hour

Variable overhead

$0\mathrm{.}80$ DL hours

$$2\mathrm{.}75$ per DL hour

The following are the actual results for July:

Actual output

$4,450$ units

Raw materials purchased and used

$23,585$ liters

Actual cost of raw materials purchased

$$94,800$

Actual direct labor hours used

$4,183$ DLh

Actual direct labor cost

$$50,196$

Actual variable overhead cost

$$11,020$