The Alpha Company produces toys for national distribution. Standards for a particular toy are: Materials: 12 ounces per unit at 56A??c per ounce.
Labor: 2 hours per unit at $2.75 per hour.
During the month of December the company produced 1000 units. Information for the month follows: Materials: 14000 ounces were purchased and used at a total cost of $7140.
Labor: 2500 hours worked at a total cost of $8000.
The materials price variance is: $700 U.
$700 F. Question 64: 1 pts The materials quantity variance is: The materials quantity variance is:
$1120 F. Question 65: 1 pts The labor rate variance is: The labor rate variance is:
$2500 U. Question 66: 1 pts The labor efficiency variance is: The labor efficiency variance is: