1.

2.

3.

4.

MinnOil performs oil changes and other minor maintenance services on cars and trucks. The company advertises that all services are performed within 15 minutes each. On a recent Saturday, 160 cars were serviced, resulting in the following labor variances: rate, $19 unfavorable; efficiency (time), \$14 favorable. If MinnOil's standard labor rate is \$7 per hour, determine the actual wage rate per hour and the actual hours worked. Direct Materials Variances Alvarado Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.70 per pound. 16,000 units used 35,500 pounds, which were purchased at $3.85 per pound. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the nearest dollar Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Factory Overhead Controllable Variance Alvarado Company produced 15,000 units of product that required 4 standard direct labor hours per unit. The standard variable overhead cost per unit is $1.20 per direct labor hour. The actual variable factory overhead was $50,730. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $ Direct labor variances Alvarado Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $21.00 per hour. 15,600 units used 65,500 hours at an hourly rate of $19.25 per hour. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet What is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number