The following materials standards have been established for a

particular product:
The following data pertain to operations concerning the product
for the last month:
Required:
a. What is the materials price variance for the month?
b. What is the materials quantity variance for the month?
143. Why is the total materials variance divided into a price
variance and a quantity
variance?
144. The following standards have been established for a raw
material used to make
product N04:
The following data pertain to a recent month's operations:
Required:
a. What is the materials price variance for the month?
b. What is the materials quantity variance for the month?
145. The standards for product J35 call for 1.0 pounds of a raw
material that costs
$15.60 per pound. Last month, 5,700 pounds of the raw material
were purchased for
$90,345. The actual output of the month was 5,280 units of
product J35. A total of
5,200 pounds of the raw material were used to produce this
output.
Required:
12-
a. What is the materials price variance for the month?
b. What is the materials quantity variance for the month?
146. The following labor standards have been established for a
particular product:
The following data pertain to operations concerning the product
for the last month:
Required:
a. What is the labor rate variance for the month?
b. What is the labor efficiency variance for the month?
147. The following direct labor standards have been established
for product W88V:
The following data pertain to last month's operations:
Required:
a. What was the labor rate variance for the month?
b. What was the labor efficiency variance for the month?
148. The standards for product M74M specify 2.5 direct labor-
hours per unit at $13.20
per direct labor-hour. Last month 3,160 units of product M74M
were produced using
8,100 direct labor-hours at a total direct labor wage cost of
$104,085.
Required:
a. What was the labor rate variance for the month?
b. What was the labor efficiency variance for the month?
149. The following standards for variable overhead have been
established for a
company that makes only one product:
12-