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 or Hours Standard Price or Rate Standard Cost Direct materials $5 per yard $ Direct labor Variable manufacturing overhead $4 per direct labor hour Total standard cost per kit $45 During August, 800 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 cost $8,000 $1,600 Actual costs incurred $11,000 $1,620 Materials price variance Materials quantity variance $1,100U Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency variance For the month's production The following additional information is available for August s production of kits Actual direct labor hours 500 Difference between standard and actual cost per kit produced during August $ 15 U Required 1 What was the total standard cost of the materials used during August Standard cost $ 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 $ (Click to select)FNoneU 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 $ (Click to select)UNoneF Labor rate variance $ (Click to select)NoneFU 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 $ (Click to select)UFNone Variable overhead rate variance $ (Click to select)FNoneU 7 Complete the standard cost card for one kit shown at the beginning of the problem (Round your answers to 2 decimal places ) Standard Quantity or Hours per Kit Standard Price or Rate Standard Cost per Kit Direct materials yards $5per yard $ Direct labor hours $ per hour Variable manufacturing overhead hours $4per direct labor hour Total standard cost per kit $45 00 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 $5 per yard $4 per direct labor hour $ Total standard cost per kit $45 During August, 800 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 Materials Used $11,000 $ 1,100 U Direct Labor $8,000 Variable Manufacturing Overhead $1,600 $1,620 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 Required 1 What was the total standard cost of the materials used during August Standard cost $ 500 $ 15 U 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 $ (Click to select) 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 $ $ (Click to select) (Click to select) 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 $ (Click to select) (Click to select) 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 Variable manufacturing overhead Total standard cost per kit Standard Quantity or Hours per Kit yards hours Standard Price or Rate $5 per yard $ Standard Cost per Kit $ per hour hours $4 per direct labor hour $45 00

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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: Standard Quantity or

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 or Hours	Standard Price or Rate	Standard Cost
Direct materials	?	$5 per yard	$ ?
Direct labor	?	?	?
Variable manufacturing overhead	?	$4 per direct labor-hour	?

Total standard cost per kit			$45

During August, 800 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 cost*	?	$8,000	$1,600
Actual costs incurred	$11,000	?	$1,620
Materials price variance	?
Materials quantity variance	$1,100U
Labor rate variance		?
Labor efficiency variance		?
Variable overhead rate variance			?
Variable overhead efficiency variance			?

*For the month's production.

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


Actual direct labor-hours	500
Difference between standard and actual cost per kit produced during August	$.15	U

Required:
1.	What was the total standard cost of the materials used during August?

Standard cost

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

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

(Click to select)FNoneU

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

Standard direct labor rate

per DLH

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	$	(Click to select)UNoneF
Labor rate variance	$	(Click to select)NoneFU

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	$	(Click to select)UFNone
Variable overhead rate variance	$	(Click to select)FNoneU

7.	Complete the standard cost card for one kit shown at the beginning of the problem. (Round your answers to 2 decimal places.)

	Standard Quantity or Hours per Kit	Standard Price or Rate	Standard Cost per Kit
Direct materials	yards	$5per yard	$
Direct labor	hours	$ per hour
Variable manufacturing overhead	hours	$4per direct labor-hour

Total standard cost per kit			$45.00

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 $5 per yard ? $4 per direct labor-hour $? ? ? Total standard cost per kit $45 During August, 800 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 Materials Used ? $11,000 ? $ 1,100 U Direct Labor $8,000 ? Variable Manufacturing Overhead $1,600 $1,620 ? ? ? ? *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 Required: 1. What was the total standard cost of the materials used during August? Standard cost $ 500 $.15 U 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 $ (Click to select) 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 $ $ (Click to select) (Click to select) 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 $ (Click to select) (Click to select) 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 Variable manufacturing overhead Total standard cost per kit Standard Quantity or Hours per Kit yards hours Standard Price or Rate $5 per yard $ Standard Cost per Kit $ per hour hours $4 per direct labor-hour $45.00