The following standards were in place for one unit of this product at the beginning of the year: Standard Quantity Standard Price Standard Cost per unit Direct Materials 10 pounds per unit $5.50 per pound $55.00 per unit Direct Labor 2.6 hours per unit $10.00 per dir. lab. hour $26.00 per unit Variable Overhead 4 machine hours per unit $7.00 per mach. hour $28.00 per unit Total standard cost $109.00 per unit Multiple Choice $3,445 Unfavorable $1,950 Favorable $1,495 Unfavorable $3,445 Favorable
A)Calculate the direct material price variance for October. If the variance is favorable, place a minus sign in front of your answer
B)Calculate the direct labor efficiency variance for October. If the variance is favorable, place a minus sign in front of your answer
C) Calculate the total variable overhead variance for October. If the variance is favorable, place a minus sign in front of your answer
D) Calculate the fixed overhead volume variance for October. If the variance is favorable, place a minus sign in front of your answer
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