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: \$9
Price variance: \$10,500F
Total of direct-material variances: \$2,000F
Direct labor:
Actual hours worked: 30,000
Actual rate per hour: \$17
Efficiency variance: \$16,000F
Total of direct-labor variances: \$14,000U
Too-Jay completed 10,000 units.
Required:
1. Determine the actual materials used.
2. Determine the direct-material quantity variance.
Note: Indicate the effect of direct-material quantity variance by selecting "F" or "U". Select "None" and enter "O" for no effect (i.e., zero variance).
3. Determine the direct-labor rate variance.
Note: Indicate the effect of direct-labor rate variance by selecting "F" or "U". Select "None" and enter "O" for no effect (i.e., zero variance).
4. Determine the standard labor rate per hour.
5. Determine the standard labor time per finished unit.
Note: Round your answers to 1 decimal place.
Too - Jay Enterprises recently experienced a

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