QUESTION 1

1. Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.

   Inputs	Standard Quantity or Hours per Unit of Output			Standard Price or Rate
   Direct materials		9.7	ounces	$	7.80	per ounce
   Direct labor		0.4	hours	$	38.70	per hour
   Variable manufacturing overhead		0.40	hours	$	6.10	per hour

   The company has reported the following actual results for the product for April:

   Actual output				7300	units
   Raw materials purchased				49,900	ounces
   Actual cost of raw materials purchased	$			372,350
   Raw materials used in production				70,840	ounces
   Actual direct labor-hours				2610	hours
   Actual direct labor cost	$			105,800
   Actual variable overhead cost		$	14,941

   Required:

   Enter all numbers as positive and rounded to the nearest dollar
   Materials price variance	$
   Materials quantity variance	$
   Labor rate variance	$
   Labor efficiency variance	$
   Variable overhead rate variance	$
   Variable overhead efficiency variance	$