Tykes Bykes has the following standard costs for its direct materials and direct labor in the production of tricycles: Direct materials 3 wheels at $ 0.50 each 1 metal frame at $ 2.50 each 1 handlebar set at $ 1.00 per set Direct labor 3 4 of an hour at $ 8.00 per hour
Actual results for each month of the first quarter are as follows:

Required:
Use a spreadsheet package.
A. Determine the direct materials price variance for each month for each material.
B. Determine the direct materials usage variance for each month for each material.
C. Determine the direct labor price variance for each month.

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February 11,100 January 10,600 35,000 $21,000 31,950 12,000 $33,000 10,600 10,000 $11,000 11,000 8 500 $65,000 March Tricycles produced Wheels purchased Wheel cost Wheels used Frames purchased Frame cost Frames used Handlebars purchased Handlebar cost Handiebars use Direct labor hours used Direct labor cost 35,000 $22,750 $21,000 33,300 11,000 $29 400 11,500 $26.250 10,800 13,500 12,500 $12,500 11,900 8,300 13,500 8,000