Question: Too - Jay Enterprises recently experienced a fire, forcing the company to use incomplete information to analyze operations. Consider the following data and assume that

Too-Jay Enterprises recently experienced a fire, forcing the company to use incomplete information to analyze operations. Consider the following data and assume that all materials purchased during the period were used in production:
Direct materials: Standard price per pound: $10 Actual price per pound: $8 Price variance: $22,000F Total of direct-material variances: $2,000F
Direct labor: Actual hours worked: 41,000 Actual rate per hour: $15 Efficiency variance: $28,000F Total of direct-labor variances: $12,000U Halo completed 10,000 units.
Determine the following: (10 marks)
(1) actual materials used: ................
(2) direct-material quantity variance: ......................
(3) direct-labor rate variance: ...................
(4) standard labor rate per hour: ..................
(5) standard labor time per finished unit: .....................

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