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

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Vitalite, Inc., produces a number of products, including a body-wrap kit. Standard variable costs relating to a single kit are given below: Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours ? ? ? Standard Price or Rate Standard Cost $4 per yard ? $2 per direct labor-hour Total standard cost per kit $? ? ? $44 During August, 600 kits were manufactured and sold. Selected information relating to the month's production is given below: Total standard cost* Actual costs incurred Materials price variance Materials quantity variance Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency variance Variable Materials Manufacturing Used Direct Labor Overhead ? $7,000 $2,000 $11,000 ? $2,020 ? $ 4,600 U ? ? ? ? *For the month's production. The following additional information is available for August's production of kits: Actual direct labor-hours Difference between standard and actual cost per kit produced during August 1,100 $.14 U Required: 1. What was the total standard cost of the materials used during August? Standard cost $ 26400 2. How many yards of material are required at standard per kit? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Number of yards yards per kit 3. What was the materials price variance for August if there were no beginning or ending inventories of materials? (Input the amount as positive value. Do not round your intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Material price variance $ F 4. What is the standard direct labor rate per hour? $ Standard direct labor rate per DLH 5. What was the labor efficiency variance for August? The labor rate variance? (Input all amounts as positive values. Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Labor efficiency variance Labor rate variance $ $ U U 6. What was the variable overhead efficiency variance for August? The variable overhead rate variance?(Input all amounts as positive values. Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Variable overhead efficiency variance $ Variable overhead rate variance $ U F 7. Complete the standard cost card for one kit shown at the beginning of the problem. (Round your answers to 2 decimal places.) Direct materials Direct labor Standard Quantity or Hours per Kit yards hours Standard Price or Rate $4 per yard $ per hour Standard Cost per Kit $ Variable manufacturing overhead Total standard cost per kit hours $2 per direct laborhour $44.00