Pharout Company uses a standard cost system. Job 822 isfor the namufacturing of 500 units of the product P521. Thecompany's standards for one unit of product P521 are asfollows:
Quantity Price
Directmaterial 5ounces $2 per ounce
Directlabor 2 hours $10 perhour
The job required 2,800 ounces of raw material costing5,880. An unfavorable labor rate variance of $250 and afavorable labor efficiency variance of $100 also were determinedfor this job.
a. Determine the direct material price variance for job822 based on the actual quantity of materials used.
b. Determine the direct material quantity variance forjob 822 based on the actual quantity of materials used.
c. Determne the actual quantity of direct lavor hoursused on job 822 based on the actual quantity of materialsused.
d. Determine the actual labor costs incurred for job822.
