1.

Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials price variance is:

Direct materials standard (7 kg. @ $2.15/kg.)	$15.05	per finished unit
Actual cost of materials purchased	$351,750
Actual direct materials purchased and used	153,000	kgs.

2.

A job was budgeted to require 7 hours of labor per unit at $9.00 per hour. The job consisted of 8,900 units and was completed in 61,300 hours at a total labor cost of $563,500. What is the direct labor efficiency variance?

3.

Levelor Company's flexible budget shows $10,790 of overhead at 75% of capacity, which was the operating level achieved during May. However, the company applied overhead to production during May at a rate of $2.20 per direct labor hour based on a budgeted operating level of 6,200 direct labor hours (90% of capacity). If overhead actually incurred was $11,271 during May, the controllable variance for the month was:

4.

A company provided the following direct materials cost information. Compute the direct materials price variance.

Standard costs assigned:
Direct materials standard cost (414,000 units @ $3.60/unit)	$	1,490,400
Actual costs:
Direct materials costs incurred (413,650 units @ $3.70/unit)	$	1,530,505