The Wright Company has a standard costing system.

The Wright Company has a standard costing system. The following data are available for September:

Actual quantity of direct materials purchased

20,000

pounds

Standard price of direct materials

$7

per pound

Material price variance

$5,000

unfavorable

Material quantity variance

$2,500

favorable

The actual price per pound of direct materials purchased in September is: (Round your answer to 2 decimal places.)

The following labor standards have been established for a particular product:

Standard labor-hours per unit of output

9.2

hours

Standard labor rate

$13.00

per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked

7,000

hours

Actual total labor cost

$88,200

Actual output

950

units

What is the labor efficiency variance for the month?

Krizum Industries makes heavy construction equipment. The standard for a particular crane calls for 19 direct labor-hours at $15 per direct labor-hour. During a recent period 1,250 cranes were made. The labor rate variance was zero and the labor efficiency variance was $5,100 unfavorable. How many actual direct labor-hours were worked?

The Fischer Corporation uses a standard costing system. The following data have been assembled for December:

Actual direct labor-hours worked

6,700

hours

Standard direct labor rate

$10

per hour

Labor efficiency variance

$1,500

unfavorable

The standard hours allowed for December’s production is:

The following standards for variable manufacturing overhead have been established for a company that makes only one product:

Standard hours per unit of output

7.4

hours

Standard variable overhead rate

$13.80

per hour

The following data pertain to operations for the last month:

Actual hours

2,775

hours

Actual total variable manufacturing overhead cost

$38,995

Actual output

200

units

What is the variable overhead efficiency variance for the month?

Landram Corporation makes a product with the following standard costs:

Standard Quantity or Hours

Standard Price or Rate

Direct materials

2.0 liters

$7.00 per liters

Direct labor

0.7 hours

$15.00 per hour

Variable overhead

0.7 hours

$5.00 per hour

The company produced 4,500 units in April using 10,130 liters of direct material and 2,110 direct labor-hours. During the month, the company purchased 10,700 liters of the direct material at $7.10. per liter. The actual direct labor rate was $15.50 per hour and the actual variable overhead rate was $5.00 per hour.

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials quantity variance for April is:

Hurren Corporation makes a product with the following standard costs:

Standard Quantity or Hours

Standard Price or Rate

Standard Cost Per Unit

Direct materials

4.4 grams

$8.00 per gram

$35.20

Direct labor

0.7 hours

$19.00 per hour

$13.30

Variable overhead

0.7 hours

$4.00 per hour

$2.80

The company reported the following results concerning this product in June.

Originally budgeted output

6,600

units

Actual output

6,500

units

Raw materials used in production

28,380

grams

Actual direct labor-hours

4,500

hours

Purchases of raw materials

31,800

grams

Actual price of raw materials purchased

$8.10

per gram

Actual direct labor rate

$19.90

per hour

Actual variable overhead rate

$3.70

per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials quantity variance for June is:

Hurren Corporation makes a product with the following standard costs:

Standard Quantity or Hours

Standard Price or Rate

Standard Cost Per Unit

Direct materials

4.2 grams

$4.00 per gram

$16.80

Direct labor

1.7 hours

$17.00 per hour

$28.90

Variable overhead

1.7 hours

$6.00 per hour

$10.20

The company reported the following results concerning this product in June.

Originally budgeted output

7,200

units

Actual output

7,100

units

Raw materials used in production

28,360

grams

Actual direct labor-hours

4,300

hours

Purchases of raw materials

31,600

grams

Actual price of raw materials purchased

$4.10

per gram

Actual direct labor rate

$17.90

per hour

Actual variable overhead rate

$5.70

per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials price variance for June is:

Hurren Corporation makes a product with the following standard costs:

Standard Quantity or Hours

Standard Price or Rate

Standard Cost Per Unit

Direct materials

3.1 grams

$5.00 per gram

$15.50

Direct labor

0.9 hours

$14.00 per hour

$12.60

Variable overhead

0.9 hours

$5.00 per hour

$4.50

The company reported the following results concerning this product in June.

Originally budgeted output

8,800

units

Actual output

8,700

units

Raw materials used in production

26,000

grams

Actual direct labor-hours

7,200

hours

Purchases of raw materials

30,500

grams

Actual price of raw materials purchased

$5.10

per gram

Actual direct labor rate

$14.90

per hour

Actual variable overhead rate

$4.70

per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The labor efficiency variance for June is:

Hurren Corporation makes a product with the following standard costs:

Standard Quantity or Hours

Standard Price or Rate

Standard Cost Per Unit

Direct materials

10.10 grams

$5.00 per gram

$50.50

Direct labor

0.2 hours

$18.00 per hour

$3.60

Variable overhead

0.2 hours

$5.00 per hour

$1.00

The company reported the following results concerning this product in June.

Originally budgeted output

8,800

units

Actual output

8,900

units

Raw materials used in production

41,700

grams

Purchases of raw materials

49,100

grams

Actual direct labor-hours

740

hours

Actual cost of raw materials purchases

$263,940

Actual direct labor cost

$8,428

Actual variable overhead cost

$3,404

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The labor rate variance for June is:

Hurren Corporation makes a product with the following standard costs:

Standard Quantity or Hours

Standard Price or Rate

Standard Cost Per Unit

Direct materials

3.4 grams

$4.00 per gram

$13.60

Direct labor

0.6 hours

$11.00 per hour

$6.60

Variable overhead

0.6 hours

$8.00 per hour

$4.80

The company reported the following results concerning this product in June.

Originally budgeted output

8,500

units

Actual output

8,400

units

Raw materials used in production

28,280

grams

Actual direct labor-hours

4,800

hours

Purchases of raw materials

30,800

grams

Actual price of raw materials purchased

$4.10

per gram

Actual direct labor rate

$11.90

per hour

Actual variable overhead rate

$7.70

per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The variable overhead efficiency variance for June is:

Hurren Corporation makes a product with the following standard costs:

Standard Quantity or Hours

Standard Price or Rate

Standard Cost Per Unit

Direct materials

4.7 grams

$2.00 per gram

$9.40

Direct labor

0.7 hours

$12.00 per hour

$8.40

Variable overhead

0.7 hours

$7.00 per hour

$4.90

The company reported the following results concerning this product in June.

Originally budgeted output

6,900

units

Actual output

6,800

units

Raw materials used in production

28,410

grams

Actual direct labor-hours

4,200

hours

Purchases of raw materials

32,100

grams

Actual price of raw materials purchased

$2.10

per gram

Actual direct labor rate

$12.90

per hour

Actual variable overhead rate

$6.70

per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The variable overhead rate variance for June is:

Landram Corporation makes a product with the following standard costs:

Standard Quantity or Hours

Standard Price or Rate

Direct materials

2.0 kilos

$7.00 per kilo

Direct labor

1.4 hours

$16.00 per hour

Variable overhead

1.4 hours

$4.00 per hour

In March the company produced 4,400 units using 10,200 kilos of the direct material and 2,180 direct labor-hours. During the month, the company purchased 10,770 kilos of the direct material at a cost of $76,650. The actual direct labor cost was $38,248 and the actual variable overhead cost was $11,949.

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials price variance for March is: