Compute the variable overhead rate variance for september

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Reference no: EM131896431

Problem

Kropf 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.

Inputs	Standard Quantity or Hours per Unit of Output	Standard Price or Rate
Direct materials	7.90 liters	7.50 per liter
Direct labor	0.50 hours	26.70 per hour
Variable manufacturing overhead	0.50 hours	6.40 per hour

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

Actual output	10,100	units
Raw materials purchased	75,500	liters
Actual cost of raw materials purchased	605,500
Raw materials used in production	79,800	liters
Actual direct labor-hours	4,770	hours
Actual direct labor cost	130,302
Actual variable overhead cost	23,814

Required:

a. Compute the materials price variance for September.
b. Compute the materials quantity variance for September.
c. Compute the labor rate variance for September.
d. Compute the labor efficiency variance for September.
e. Compute the variable overhead rate variance for September.
f. Compute the variable overhead efficiency variance for September.

Reference no: EM131896431

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