West and Jones Granite Corp uses a standard cost system for its single product. The following data are available: ACTUAL for the current year: Purchase of raw materials (5,200 sq ft at $11.80) $61,360 Raw materials used 4,800 sq ft Direct Labor costs (22,000 at $13.80) $303,600 Actual variable overhead cost $64,250 Units produced 5,820 units Standards per unit of product: Raw materials 1.0 sq ft at $10.70/sq ft Direct labor 3.8 hours at $13.50/hr Variable overhead $2.75 per direct labor hour Compute the following variances: 1. material variance (price and quantity) 2. labor variance (rate and efficiency) 3. variable overhead variance (spending and efficiency)

1- Using the attached problem, compute the material price variance.

		3,750 U
		5,720 U
		6,600 U
		10,914 F

2-

Using the attached problem, compute the material quantity variance.

3,750 U

5,720 U

6,600 U

10,914 F

3-

Using the attached problem, compute the labor rate variance.

3,750 U

5,720 U

6,600 U

10,914 F

4-

Using the attached problem, compute the labor efficiency variance.

319 F

1,566 F

3,750 U

6,600 U

5-

Using the attached problem, compute the total labor variance.

319 F

1,566 F

5,034 U

6,600 U

6-

Using the attached problem, compute the variable manufacturing overhead spending variance.

319 F

1,566 F

3,431 U

3,750 U

7-

Using the attached problem, compute the variable manufacturing overhead efficiency variance.

319 F

1,566 F

3,431 U

3,750 U

8-

Using the attached problem, compute the total variable manufacturing overhead variance.

		319 F
		1,566 F
		3,431 U
		3,750 U