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Direct labor Direct material purchased Direct material used The control valve has the following standard prime costs: Direct material Direct labor Standard prime cost per unit 41,900 hour at $14.50 per hour 33,000 pounds at $3.00 per pound 23,600 pounds Required 1 Required: 1. Prepare a schedule of standard production costs for January, based on actual production of 8,200 units. 2. For the month of January, compute the following variances. Complete this question by entering your answers in the tabs below. Required 2 3 pounds at $2.90 per pound 5 hour at $14.90 per hour a. Direct-material price variance b. Direct-material quantity variance c. Direct-material purchase price variance d. Direct-labor rate variance e. Direct-labor efficiency variance For the month of January, compute the following variances. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). $ 8.70 74.50 $ 83.20 Favorable Unfavorable Favorable Unfavorable

The control valve has the following standard prime costs: Required: 1. Prepare a schedule of standard production costs for January, based on actual production of 8,200 units. 2. For the month of January, compute the following variances. Complete this question by entering your answers in the tabs below. For the month of January, compute the following variances. Note: Indicate the effect of each variance by selecting "Favorabie" or "Untavorable", Select "None" and enter " 0 " for no effect (0.ef, zero varlance)

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