Variance analysis, material, and labor The following information is available for Mandalay Company:

Actual
Materials	12,000 pounds purchased at $2.50 per pound; used 10,500 pounds
Direct Labor	1,800 hours at $12 per hour
Units Produced	500
Standard
Materials	20 pounds per unit at a price of $2.20 per pound
Direct Labor	4 hours per unit at a wage rate of $10 per hour

(a) Determine the material price variance based on the number of materials purchased.

(b) Determine the material quantity variance.

(c) Determine the direct labor rate variance.

(d) Determine the direct labor efficiency variance.

Answer rating: 100% (QA)

a Determine the material price variance based on the number of materials purchased to calculate the ... View the full answer