Blomdahl Corporation makes a product with the following standard costs: Inputs Direct materials Direct labor...
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Blomdahl Corporation makes a product with the following standard costs: Inputs Direct materials Direct labor Variable overhead Standard Quantity or Hours 5.2 kilos 0.3 hours 0.3 hours Standard Price or Rate $6.00 per kilo 522.00 per hour $2.00 per hour The company reported the following results concerning this product in October Actual output 8,100 units Raw materials used in production 43,130 kilos Actual direct labor-hours 2,570 hours Purchases of raw materials 46,700 kilos Actual price of raw materials S5.70 per kilo Actual direct labor rate.. $23.70 per hour Actual variable overhead rate. $1.80 per hour The materials price variance is recognized when materials are purchased. Variable overhead is applied on the basis of direct labor-hours. Required: a. Compute the materials quantity variance. b. Compute the materials price variance. c. Compute the labor efficiency variance. Continued on next page!!! d. Compute the direct labor rate variance. e. Compute the variable overhead efficiency variance. f. Compute the variable overhead rate variance
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