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 $4 50 per yard $ Direct labor Variable manufacturing overhead $2 per direct labor hour Total standard cost per kit $32 00 During August, 525 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 $5,880 $1,470 Actual costs incurred $7,910 $1,615 Materials price variance Materials quantity variance $ 720 U 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 900 Difference between standard and actual cost per kit produced during August $0 20 U Required 1 What was the total standard cost of the materials used during August 2 How many yards of material 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 (Do not round intermediate calculations Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i e , zero variance) ) 4 What is the standard direct labor rate per hour 5 What was the labor rate variance for August The labor efficiency variance (Do not round your intermediate calculations Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i e , zero variance)) 6 What was the variable overhead rate variance for August The variable overhead efficiency variance (Do not round intermediate calculations Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i e , zero variance)) 7 Complete the standard cost card for one kit shown at the beginning of the problem (Round your answers to 2 decimal places )

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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 Hours Standard Price or Rate Standard Cost Direct materials   $4 50 per yard $   Direct labor       Variable manufacturing overhead   $2 per direct labor hour   Total standard cost per kit $32 00 During August, 525 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    $5,880 $1,470 Actual costs incurred $7,910   $1,615 Materials price variance   Materials quantity variance $ 720 U 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 900 Difference between standard and actual cost per kit produced during August $0 20 U Required  1  What was the total standard cost of the materials used during August  2  How many yards of material 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  (Do not round intermediate calculations  Indicate the effect of each variance by selecting  F  for favorable,  U  for unfavorable, and  None  for no effect (i e , zero variance) ) 4  What is the standard direct labor rate per hour  5  What was the labor rate variance for August  The labor efficiency variance  (Do not round your intermediate calculations  Indicate the effect of each variance by selecting  F  for favorable,  U  for unfavorable, and  None  for no effect (i e , zero variance)) 6  What was the variable overhead rate variance for August  The variable overhead efficiency variance  (Do not round intermediate calculations  Indicate the effect of each variance by selecting  F  for favorable,  U  for unfavorable, and  None  for no effect (i e , zero variance)) 7  Complete the standard cost card for one kit shown at the beginning of the problem  (Round your answers to 2 decimal places )

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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

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	Standard Quantity or Hours	Standard Price or Rate	Standard Cost
Direct materials	?	$4.50 per yard	$ ?
Direct labor	?	?	?
Variable manufacturing overhead	?	$2 per direct labor-hour	?

Total standard cost per kit			$32.00

	Materials Used	Direct Labor	Variable Manufacturing Overhead
Total standard cost*	?	$5,880	$1,470
Actual costs incurred	$7,910	?	$1,615
Materials price variance	?
Materials quantity variance	$ 720 U
Labor rate variance		?
Labor efficiency variance		?
Variable overhead rate variance			?
Variable overhead efficiency variance			?


Actual direct labor-hours	900
Difference between standard and actual cost per kit produced during August	$0.20	U

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

2.	How many yards of material 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? (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

5.	What was the labor rate variance for August? The labor efficiency variance? (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance))

6.	What was the variable overhead rate variance for August? The variable overhead efficiency variance?(Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance))

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