Accounting problems sample.

Kropf Inc. has provided the following data concerning one ofthe products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct laborhours. Standard Quantity or Inputs Hours per Unit of Output Standard Price or Rate Direct materials 8.50 liters $ 8.10 per liter Direct labor 0.60 hours $25.70 per hour Variable manufacturing overhead 0.60 hours $ 7.00 per hour The company has reported the following actual results for the product for September: Actual output 10.700 units Raw materials purchased 93.100 liters Actual cost of raw materials purchased $771.500 Raw materials used in production 90.960 liters Actual direct labor-hours 6.000 hours Actual direct labor cost $160,302 Actual variable overhead cost $ 35.414 ' 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. 9. Compute the variable overhead rate 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 (i.e., zero variance). Input all amounts as positive values.)