Reference no: EM132526524

Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.

InputsStandard Quantity or Hours per Unit of OutputStandard Price or Rate

Direct materials 7.7ounces$7.80per ounce

Direct labor 0.4hours$38.70per hour

Variable manufacturing overhead 0.4hours$6.10per hour

The company has reported the following actual results for the product for April:

Actual output 7,750units

Raw materials purchased 62,540ounces

Actual cost of raw materials purchased$372,350

Raw materials used in production 59,695ounces

Actual direct labor-hours 2,610hours

Actual direct labor cost$105,800

Actual variable overhead cost$14,941

Required:

Question a. Compute the materials price variance for April.

Question b. Compute the materials quantity variance for April.

Question c. Compute the labor rate variance for April.

Question d. Compute the labor efficiency variance for April.

Question e. Compute the variable overhead rate variance for April.

Question f. Compute the variable overhead efficiency variance for April.

(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)