1. We are analyzing 2 products product X and product Y.
   • Product X requires 3 Part As and 4 Part Bs.
   • Product Y requires 2 Part As and 3 Part Bs.
   • The standard cost for Part A is $12 per unit.
   • The standard cost for Part B is $24 per unit.
   • During this month, the company purchased 50,000 units of Part A for $587,500 (there was no beginning balance).
   • During this month, the company purchased 100,000 units of Part B for $2,500,000 (there was no beginning balance).
   • During the month the company produced 500 Xs and 1000 Ys.
   • During the month the company used 3550 units of Part A and 4975 units of Part B.
   • Factory payroll was $393,000 with 19,500 hours (this is actual - direct labor only).
   • X uses 12 standard direct labor hours.
   • Y uses 14 standard direct labor hours.
   • Labor standard cost is $20 per hour.

hint: for production of both X and Y

Questions 1-25: Suggestion: Use a scratch paper to solve all the variances