Xavier Company produces a single product. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The standard cost card for one unit of product is as follows:

	(1)		(2)		(1) x (2)
Inputs	Standard Quantity or Hours		Standard Price or Rate		Standard Cost
Direct materials	6	ounces	$0.50	per ounce	$3.00
Direct labor	0.6	hours	$30.00	per hour	$18.00
Variable manufacturing overhead	0.6	hours	$10.00	per hour	$6.00
Total standard cost per unit					$27.00

During June, 2,000 units were produced. The costs associated with Junes operations were as follows:

Materials purchased:	18,000	ounces at	$0.60	per ounce	$10,800
Materials used in production:	14,000	ounces
Direct labor:	1,100	hours at	$30.50	per hour	$33,550
Variable manufacturing OH costs incurred					$12,980

Question 1 of 17

0.5 Points

1. What is the Material Quantity Variance rounded to the nearest dollar value? $

2. Is the Material Quantity Variance Favorable or Unfavorable?

3.What is the Material Price Variance rounded to the nearest dollar? $

4.Is the Material Price Variance favorable or unfavorable?

5.What is the Direct Labor Efficiency Variance rounded to the nearest dollar? $

6. Is the Direct Labor Efficiency Variance favorable or unfavorable?

7. What is the Direct Labor Rate Variance rounded to the nearest dollar? $

8. Is the Direct Labor Rate Variance favorable or unfavorable?

9.What is the Direct Labor Spending Variance rounded to the nearest dollar? $

10.Is the Direct Labor Spending Variance favorable or unfavorable?

11.What is the Variable Manufacturing Overhead Efficiency Variance rounded to the nearest dollar? $

12.Is the Variable Manufacturing Overhead Efficiency Variance favorable or unfavorable?

13.What is the Variable Manufacturing Overhead Rate Variance rounded to the nearest dollar? $

14.Is the Variable Manufacturing Overhead Rate Variance favorable or unfavorable?

15. What is the Variable Manufacturing Overhead Spending Variance rounded to the nearest dollar? $

16. Is the Variable Manufacturing Overhead Spending Variance favorable or unfavorable?