ACCT 204 HANDOUT CHAPTER 10-VARIANCE t. Your Corporation is developing standards for its products Each unit of ost product requires 0.53 kilogram of a particular input. TThe allowance for waste a spoilage is 0.06 kilogram of this input for each unit of output. The allow Your Corporation manufactures a single product. T purchases and use of material for the month of April 15. The following information relates to the corporations Total yards of material 8,500 8,000 8,200 Material purchased Material used in production.... Standard material allowed for suits produced..... The materials price variance for April was $1,200 favorable. Its materials quantity variance for April was $900 favorable. What is the standard price per yard of material for its safety suits? A) $1.80 B) $2.40 C) $3.00 D) $4.50 16. The budget for production of 9,000 units. Actual output for the month was 8,500 units with total direct materials cost of $127,500 and total direct labor cost of $77,775. The direct labor standards call for 45 minutes of direct labor per unit at a cost of $12 per direct labor-hour. The direct materials standards call for one pound of direct materials per unit at a cost of $15 per pound. The actual direct labor-hours were 6,375. Variance analysis of the performance for the period would indicate A) $7,500 favorable materials quantity variance. B) $1,275 favorable direct labor efficiency variance. C) $1,275 unfavorable direct labor efficiency variance. D) $1,275 unfavorable direct labor rate variance