Mini$-$Exercise $15-3($Static$)$ Direct material variances LO $15-4,15-5$

Acme Company's production budget for August is $17,500$ units and includes the following component unit costs: direct materials, $$8$;

direct labor, $$10$; variable overhead, $$6.$ Budgeted fixed overhead is $$35,000.$ Actual production in August was $17,000$ units. Actual unit

component costs incurred during August include direct materials, $$8\mathrm{.}25$; direct labor, $$9\mathrm{.}45$; variable overhead, $$6\mathrm{.}82.$ Actual fixed