Calculate Variances The following summary data relate to the operations of Randolph Company for July, during which 4,500 finished units were produced:   Standard Units Costs   Total Actual Costs Direct material             Standard (0.6 lb. @ $13.00/lb.)     $7.80     Actual (3,000 lb. @ $13.30/lb.)         $39,900 Direct labor             Standard (0.8 hr. @ $16.80/hr.)     $13.44     Actual (3,800 hrs. @ $16.40/hr.)         62,320 Variable overhead             Standard (0.8 hr. @ $11.50/hr.)     $9.20     Actual     - 46,100 Total     $30.44 $148,320   Determine the following variances: Do not use negative signs with any of your answers. Next to each variance answer, select either "F" for Favorable or "U" for Unfavorable. Materials Variances Actual cost: Answer   Split cost: Answer   Standard cost: Answer   Materials price Answer Answer Materials efficiency Answer Answer     Labor Variances Actual cost: Answer   Split cost: Answer   Standard cost: Answer   Labor rate Answer Answer Labor efficiency Answer Answer     Variable Overhead Variances Actual cost: Answer   Split cost: Answer   Standard cost: Answer   Variable overhead spending Answer Answer Variable overhead efficiency Answer Answer

Standard labor hours per unit of 4.6 hours output Standard labor rate $20.40 per hours The following data pertain to operations concerning the product for the last month: Actual hours worked 7,200 hours 1,500 units Actual total labor cost $147,600 Actual output Required: a. What is the labor rate variance for the month? (Input the amount as a positive va Leave no cells blank - be certain to enter "O" wherever required. Indicate the ef of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" no effect (i.e., zero variance.) Labor rate variance

Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,680 pounds of material at $5.00 and standard cost for 4,460 pounds of material at $6.20 per pound. The direct materials price variance is Oa. $1,364 unfavorable Ob. $1,364 favorable Oc. $5,616 unfavorable Od. $5,616 favorable

The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 9.1 hours $ 17.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 10,100 hours $ 169,680 What is the labor rate variance for the month? 1,000 units

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The following data relate to direct labor costs for the current period: Standard costs 7,300 hours at $11.80 Actual costs 6,400 hours at $10.00 The direct labor time variance is Oa. $10,620 unfavorable Ob. $9,000 favorable C. $9,000 unfavorable Od. $10,620 favorable

Not Graded... Material, Labor, and Variable Overhead VariancesThe following summarized manufacturing data relate to Thomas Corporation's April operations, during which 2,000 finished units of product were produced. Normal monthly capacity is 1,100 direct labor hours.   Standard Units Costs   Total Actual Costs Direct material             Standard (2 lb. @ $17.00/lb.)     $34     Actual (4,200 lb. @ $17.80/lb.)         $74,760 Direct labor             Standard (0.5 hr. @ $32/hr.)     $16     Actual (950 hrs. @ $31/hr.)         29,450 Variable overhead             Standard (0.5 hr. @ $14/hr.)     $7     Actual     - 14,450 Total     $57 $118,660 Determine the following variances: Do not use negative signs with any of your answers. Next to each variance answer, select either "F" for Favorable or "U" for Unfavorable. Materials Variances Actual cost: Answer   Split cost: Answer   Standard cost: Answer   Materials price Answer Answer…

Multiple Choice $4,850 favorable. $11,000 favorable. $6,150 favorable. $4,850 unfavorable. $11,000 unfavorable.

The following data relate to direct materials costs for February:Materials cost per yard: standard, $1.91; actual, $2.04Yards per unit: standard, 4.70 yards; actual, 5.08 yardsUnits of production: 9,000The direct materials price variance is a.$5,499.00 favorable b.$1,170.00 unfavorable c.$5,943.60 favorable d.$5,943.60 unfavorable