P10-1A Calculate Variances   The following summary data relate to the operations of Dobson Company for April, during which 9,000 finished units were produced. Normal monthly capacity was 20,000 direct labor hours.                                                                                           Standard               Unit Costs Total Actual Costs                       Direct materials:                           Standard (4 lb. @ $2.20/lb.) $8.80                         Actual (38,000 lb. @ $2.00/lb.)   $76,000                       Direct labor:                           Standard (2 hr. @ $11.00/hr.) 22.00                         Actual (18,500 hr. @ $11.30/hr.)   209,050                       Variable overhead:                           Standard (2 hr. @ $3.00/hr.) 6.00                         Actual   54,900                       Total $36.80 $339,950                                                   Required                           Determine the following variances and indicate whether each is favorable or unfavorable:                                                 a. Materials price and efficiency variances                                                       b. Labor rate and efficiency variances                                                       c. Variable overhead spending and efficiency variances

Current Attempt in Progress Blossom Company's standard labor cost of producing one unit of Product DD is 3.40 hours at the rate of $10.50 per hour. During August, 42,900 hours of labor are incurred at a cost of $10.70 per hour to produce 12,400 units of Product DD. (a) Compute the total labor variance. Total labor variance $ (b) Compute the labor price and quantity variances. Labor price variance Labor quantity variance $ (c) $ Labor price variance 16350 Compute the labor price and quantity variances, assuming the standard is 3.6 hours of direct labor at $10.85 per hour. $ Labor quantity variance $ Unfavorable

Calculate VariancesThe 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:…

The following materials standards have been established for a particular product: Standard quantity per unit: 6.2 feet $ Stand price per foot: 13.60 The following data pertain to operations concerning the product for the last month: Actual materials purchased: 1,000 feet Actual cost of materials purchased: $ 13,300.00 Actual materials used in production: 400 feet Actual output: 60 units    What is the materials price variance for the month?    What is the materials quantity variance for the month?

A manufactured product has the following information for June.    Standard Quantity and Cost Actual Results Direct materials 6 pounds @ $8 per pound 45,500 pounds @ $8.20 per pound Direct labor 2 DLH @ $15 per DLH 14,600 hours @ $15.60 per hour Overhead 2 DLH @ $12 per DLH $ 186,100   Units manufactured   7,500 units   Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.)AH = Actual HoursSH = Standard HoursAR = Actual RateSR = Standard Rate

The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.91; actual, $2.03 Yards per unit: standard, 4.64 yards; actual, 5.14 yards Units of production: 9,300 The direct materials price variance is O a. $5,736.24 unfavorable O b. $1,116.00 unfavorable O c. $5,736.24 favorable O d. $5,178.24 favorable 4:

Materials and Labor Variances At the beginning of the year, Craig Company had the following standard cost sheet for one of its plastic products: Direct materials (5 lbs. @ $4.00) $20.00 Direct labor (2 hrs. @ $15.00) 30.00 Standard prime cost per unit $50.00 The actual results for the year are as follows: Units produced: 400,000. Materials purchased: 2,060,000 pounds @ $3.95. Materials used: 2,100,000 pounds. Direct labor: 825,000 hours @ $14.85. Required: 1.  Compute price and usage variances for materials. Enter amounts as positive numbers and select Favorable or Unfavorable. Material price variance $fill in the blank 1   Material usage variance $fill in the blank 3   2.  Compute the labor rate and labor efficiency variances. Enter amounts as positive numbers and select Favorable or Unfavorable. Labor rate variance $fill in the blank 5   Labor efficiency variance $fill in the blank 7     Feedback Area     Feedback

Materials and Labor Variances At the beginning of the year, Craig Company had the following standard cost sheet for one of its plastic products: Direct materials (5 lbs. @ $4.00) Direct labor (2 hrs. @ $15.00) Standard prime cost per unit $20.00 Labor rate variance 30.00 The actual results for the year are as follows: a. Units produced: 450,000. b. Materials purchased: 3,150,000 pounds @ $5.75. c. Materials used: 2,790,000 pounds. d. Direct labor: 990,000 hours @ $13.20. Required: 1. Compute price and usage variances for materials. Enter amounts as positive numbers and select Favorable or Unfavorable. Labor efficiency variance $50.00 Material price variance Material usage variance 2. Compute the labor rate and labor efficiency variances. Enter amounts as positive numbers and select Favorable or Unfavorable. Unfavorable Unfavorable Favorable Unfavorable

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Blossom Company's standard labor cost of producing one unit of Product DD is 3.00 hours at the rate of $10.00 per hour. During August, 40,000 hours of labor are incurred at a cost of $10.10 per hour to produce 13,200 units of Product DD. (a) Compute the total labor variance. Total labor variance $ (b) Compute the labor price and quantity variances. Labor price variance Labor quantity variance (c) Labor price variance $ Labor quantity variance GA $ GA Compute the labor price and quantity variances, assuming the standard is 3.2 hours of direct labor at $10.20 per hour. $ GA tA < $