Reference no: EM13493429

The Koski Company has established standards as follows:

 

Direct material	3.20 pounds @ $5.20/pound = $16.64 per unit
Direct labor	2.00 hours @ $9.20/hour = $18.40 per unit
Variable overhead	2.00 hours @ $6.20/hour = $12.40 per unit

Actual production figures for the past year were as follows:

Units produced	620
Direct materials used	2,360 pounds
Direct materials purchased (4,200 pounds)	$22,260
Direct labor cost (1,070 hours)	$10,058
Variable overhead cost incurred	$6,527

  
rev: 02-11-2011

 1.The materials price variance is (Do not round intermediate calculations.):

  
rev: 02-11-2011

	$236 U
	$198 U
	$11,943 U
	$420 U

 

 2. The materials quantity variance is: (Round your answer to nearest dollar amount.)

  
rev: 02-11-2011

	$1,993 U
	$1,955 U
	$10,317 U
	$1,993 F

 

 3. The labor rate variance is (Do not round intermediate calculations.):

  
rev: 02-11-2011

	$1,350 F
	$1,350 U
	$214 U
	$214 F

 

 4. The labor efficiency variance is: (Round your answer to nearest dollar amount.)

  
rev: 02-11-2011

	$1,350 F
	$1,564 F
	$1,350 U
	$1,564 U

I need it to be done 2 hrs please. No more than two  hrs