Also need labor rate variance Labor efficiency varianceControllable overhead Variance Overhead Volume Variance

Penny Worth Products operates a small plant in New Mexico that produces dog food in batches of 1.500 pounds. The product sells for s& per pound. Standard costs for 2021 are: Star act labor cost - $15 per hour bor hours per batch - 10 hours s of material A - $0.25 per pound ids of material A per batch - 870 pounds aterial 8 - 30.55 per pound bunds of material B per batch - 280 pounds ed cost per batch - $450 a start of 2021, the company estimated monthly production and sales of 50 batches. The company estimated that all overhead costs were fixed and amounted to $25.000 per month. During the month of June 2021 (typically a somewhat slow month). 42 batches oduced (not an unusual level of production for June). The following costs were incurred: Direct labor costs were $7.960 for 500 hours. are purchased and used as of material B costin 1418 were purchases and used. bad of $23,200 2a suless varieness for meserialleper, and evs ke 1 65 and final ansar to O decimal places er 1 25. Cover all variances and canlive number. Pries Variance Material