Direct Materials 12 pounds @ $ 2.00 per pound

Direct Labor 2 DLH @ $15.00 per DLH

Variable MOH 1 MHR @ $10.00 per MHR

Fixed MOH 1 MHR @ $20.00 per MHR

Production was forecast to be 2,000 units, but only 1,950 were actually produced. 26,000 pounds of materials were purchased for $66,300. A total of 23,000 pounds of materials were used in production. Actual direct labor totaled 4,000 DLH, costing $48,000. Forecast variable overhead was $10,000, and forecast fixed overhead was $40,000. Actual variable overhead was $11,000. Actual fixed overhead was $38,000. Actual machine hours totaled 1,900 MHR.

16. (5 POINTS) Calculate the direct materials price variance. ANSWER: __________________

17. (5 POINTS) Calculate the direct materials usage variance. ANSWER: ___________________

18. (5 POINTS) Calculate the direct labor efficiency variance. ANSWER: ___________________

19. (5 POINTS) Calculate the direct labor rate variance. ANSWER: _________________