# Chapter 23 graded homework

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Simba Company’s standard materials cost per unit of output is $9.40 (2.00 pounds x $4.70). During July, the company purchases and uses 3,080 pounds of materials costing $16,632 in making 1,400 units of finished product.

Compute the total, price, and quantity materials variances. *(Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.)*

Mordica Company’s standard labor cost per unit of output is $32.40 (2.70 hours x $12.00 per hour). During August, the company incurs 2,754 hours of direct labor at an hourly cost of $11.76 per hour in making 1,000 units of finished product.

Compute the total, price, and quantity labor variances. *(Round answers to 2 decimal places, e.g. 52.75.)*

The standard cost of Product B manufactured by Pharrell Company includes 3.6 units of direct materials at $5.9 per unit. During June, 26,600 units of direct materials are purchased at a cost of $5.65 per unit, and 26,600 units of direct materials are used to produce 7,300 units of Product B.

**(a)**

Compute the total materials variance and the price and quantity variances.

Total materials variance | $ | |||

Materials price variance | $ | |||

Materials quantity variance | $ |

**(b)**

Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.95 and the quantity purchased and used is 26,500 units.

Total materials variance | $ | |||

Materials price variance | $ | |||

Materials quantity variance | $ |

Lewis Company’s standard labor cost of producing one unit of Product DD is 3.8 hours at the rate of $10.3 per hour. During August, 40,200 hours of labor are incurred at a cost of $10.50 per hour to produce 10,500 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)**

Compute the labor price and quantity variances, assuming the standard is 4.2 hours of direct labor at $10.70 per hour.

Labor price variance | $ | |||

Labor quantity variance | $ |

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