The Clement Co. uses a flexible budget and standard costs; it applies overhead on the basis of standard labor hours. The following information is known for Clement Co.

a. Calculate the direct materials price variance.

b. Calculate the direct materials quantity variance.

c. Calculate the direct labor rate variance.

d. Calculate the direct labor efficiency variance.

e. Calculate the variable overhead rate variance.

f. Calculate the variable overhead efficiency variance.

g. What is the amount of standard costs of direct materials allowed in the flexible budget for the 12,900 units produced?

h. What is the amount of standard costs of direct labor allowed in the flexible budget for the 12,900 units produced?

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Direct labor Variable overhead Direct materials Actual 30,000 hours at $10.50 per hour 30,000 hours at $27 per hour 130,000 lb purchased at $0.51 per lb 125,000 lb used Fixed overhead Actual production 12,900 units Standard 2 hours per unit at $11 per hour 2 hours per unit at $25 per hour 8 lb per unit at $0.50 per lb Practical capacity 14,000 units