Business, 15.07.2020 02:01 usagimiller

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 Standard Price or Rate
per Unit of Output
Direct materials 8.2 ounces $6.30 per ounce
Direct labor 0.6 hours $21.80 per hour
Variable manufacturing
overhead 0.6 hours $4.60 per hour
The company has reported the following actual results for the product for April: A
ctual output 5,800 units
Raw materials purchased 48,400 ounces
Actual cost of raw materials purchased $289,600
Raw materials used in production 47,570 ounces
Actual direct labor-hours 3,170 hours
Actual direct labor cost $73,240
Actual variable overhead cost $13,884
Required:A. Compute the materials price variance for April. B. Compute the materials quantity variance for April. C. Compute the labor rate variance for April. D. Compute the labor efficiency variance for April. E. Compute the variable overhead rate variance for April. F. Compute the variable overhead efficiency variance for April.

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Fortes Inc. has provided the following data concerning one of the products in its standard cost syst...

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