Cost standards for one unit of product no. C77:
| Direct material 3 pounds at $2.80 per pound |
8.40 |
| Direct labor 6 hours at $7.30 per hour |
43.80 |
| Actual results: |
|
| Units produced 6,600 units |
|
Direct material purchased 26,400 pounds at $3.00
|
|
79,200 |
| Direct material used 19,500 pounds at $3.00 |
58,500 |
| Direct labor 40,500 hours at $7.10 |
287,550 |
1.Assume that the company computes variances at the earliest point in time. The direct-labor rate variance is?
2. Assume that the company computes variances at the earliest point in time. The direct-labor efficiency variance is?
3.Assume that the company computes variances at the earliest point in time. The direct-material price variance is?
4.Assume that the company computes variances at the earliest point in time. The standard hours allowed for the work performed are?