Vitalite, Inc produces a number of products, including a body wrap kit. Standard variable costs relating to a single kit are given below

	Standard Quantity of Hours	Standard price or rate	standard cost
direct materials	?	$6 per yard	$?
Direct labo	?	?	?
variable manufacturing overhead	?	$2 per direct labor hour	?
Total standard cost per kit			$42

During August 500 kits were manufactured and sold. Selected information relating to the month's production is given below:

	Materials Used	Direct Labor	Variable Manufacturing Overhead
total standard cosst	?	8000	1600
actual costs incurred	10,000	?	1620
materials price variance	?
maerials quantity variance	600U
labor rate variance		?
labor efficiency variance		?
Variable overhead rate variance			?
Variable overhead efficiency variance			?

The following additional information is available for August's production of kits

Actual direct labor hours 900

Difference between standard and actual cost per kit produced during August 0.14 U

REQUIRED

1. What is the total standard cost of the materials used during August?

2. How many yards of materials are required at standard per kit?

3. What was the materials price variance for August if there were no beginning or ending inventories of materials?

4. Wha is the standard direct labor rate per hour?

5. What was the labor rate variance for August? The labor efficiency variance?

6. What was the variable overhead rate variance for August? Th variable overhead efficiency variance?

7. Complete the standard cost card for one kit shown at the beginning of the problem