What is the materials quantity variance?

What is the materials price variance?

What is the labour efficiency variance?

What is the labour rate variance?

What is the variable overhead efficiency variance?

What is the variable overhead rate variance?

 

Inputs Direct materials Direct labor Variable manufacturing overhead Actual results: Actual output Actual variable manufacturing overhead cost Actual direct materials cost Actual direct labor cost $ Standard Quantity 3.0 pounds 0.50 hours 0.50 hours 1,860 units 5,276.50 Actual Quantity 5,785 pounds 865 hours $ $ $ LA GA $ $ Standard Price 4.00 per pound 22.00 per hour 6.00 per hour Actual price 4.40 per pound 22.10 per hour