$1.$ For direct materials:

a$.$ Compute the price and quantity variances.

b$.$ Is the decrease in waste that was mentioned by Raul apparent from your variance calculations?

c$.$ What standard price per foot should the company use going forward to compute the materials price variance?

Note: Round your answers to $1$ decimal place. Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$

$2.$ For direct labor:

a$.$ Compute the rate and efficiency variances.

b$.$ Is the company$$s labor efficiency variance a useful performance measure in its lean environment?

Note: Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$

$3.$ For variable manufacturing overhead:

a$.$ Compute the rate and efficiency variances.

b$.$ Is direct labor$-$hours an appropriate cost driver for variable manufacturing overhead in the company$$s lean environment?

Note: Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$

$4.$ Compute the following for April, May, and June:

a$.$ The throughput time per unit.

b$.$ The manufacturing cycle efficiency $($MCE$).$

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Note: Round your answer to $1$ decimal place.

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