BE 23-1 Direct materials variances: Alvarado Company produces a product that requires 3.0 standard pounds per...

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BE 23-1 Direct materials variances: Alvarado Company produces a product that requires 3.0 standard pounds per unit. The standard price is $6.00 per pound. If 8,000 units used 23,900 pounds, which were purchased at $6.20 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? BE 23-2 Direct labor variances: Alvarado Company produces a product that requires 7.5 standard direct labor hours per unit at a standard hourly rate of $22.50 per hour. If 8,000 units used 60,200 hours at an hourly rate of $21.95 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? BE 23-3 Factory overhead controllable variances: Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $1.45 per direct labor hour. The actual variable factory overhead was $85,900. Determine the variable factory overhead controllable variance. BE 23-4 Factory overhead volume variance: Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.00 per direct labor hour at 55,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. BE 23-1 Direct materials variances: Alvarado Company produces a product that requires 3.0 standard pounds per unit. The standard price is $6.00 per pound. If 8,000 units used 23,900 pounds, which were purchased at $6.20 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? BE 23-2 Direct labor variances: Alvarado Company produces a product that requires 7.5 standard direct labor hours per unit at a standard hourly rate of $22.50 per hour. If 8,000 units used 60,200 hours at an hourly rate of $21.95 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? BE 23-3 Factory overhead controllable variances: Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $1.45 per direct labor hour. The actual variable factory overhead was $85,900. Determine the variable factory overhead controllable variance. BE 23-4 Factory overhead volume variance: Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.00 per direct labor hour at 55,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance.