XYZ company manufactures xyz implements. During May, the company REALLY produced only 300 production units, but had planned for 400 units. XYZ Company tracks four factory inputs: (1) direct materials, (2) direct labor, (3) variable factory overhead, and (4) fixed factory overhead. Both fixed and variable factory overhead are applied using predetermined rates based on direct labor hours. For each of the following cost components, an examination of the records revealed the respective amounts:

Direct materials :

Standard cost per unit of materials: $3.20 per pound

Total standard cost allowed for actual production achieved: $5,760

Direct Materials Quantity Variance: $96 Unfavorable

Total actual cost of materials purchased and used: $5,673

Direct labour:

Standard cost per unit of production: 2 hours of direct labor at $7.00 per hour

Actual direct labor hourly rate: $7.25

Direct Labor Efficiency Variance: $140.00 Unfavorable

Variable factory overhead:

Standard variable overhead cost per standard direct labor hour: $4.00 per direct labor hour

Costo general variable real total: $ 2,250

Factory fixed costs:

Budgeted Fixed Factory Overhead: $4,800

Fixed Factory Overhead Variance: $500 Favorable

Fixed factory overhead rate per standard direct labor hour: $6.00 per direct labor hour

Please calculate the following quantities and show the calculation/work (indicate the direction of any calculated variances

1. Standard amount of direct material allowed per unit of production:

2. Actual unit cost of direct materials purchased and used:

3. Price variance of direct materials: and (Unfavorable or Favorable)

4. Total actual cost of direct labor used:

5. Variation of the rate of direct labor: and (Unfavorable or Favorable)

6. Total standard amount of direct labor allowed for actual production achieved:

7. Variable factory overhead variance: y (Unfavorable or Favorable)

8. Variable variance of factory overhead efficiency; and (Unfavorable or Favourable)

9. Denominator level in direct labor standard hours:

10. Fixed Factory Overhead Volume Variance: