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 laborhours.
The company has reported the following actual results for the product for September:
Actual output
Raw materials purchased
Actual cost of raw materials purchased
Raw materials used in production
Actual direct laborhours
Actual direct labor cost
Actual variable overhead cost
units
liters
$
liters
hours
$
$
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 spending variance for September.
f Compute the variable overhead efficiency variance for September.
Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero
variance Input all amounts as positive values.
