INSTRUCTIONS: Prepare the variances and identify whether theyare favorable orunfavorable.              

The below website will provide further assistance withvariances:http://accounting-simplified.com/management/variance-analysis/material/price.htmlDATA FOR VARIANCEANALYSIS:                                                            

"Standard Hours / Qty" "StandardRate"              "Actual Hours / Qty"       "ActualRate"    

GroomingLabor              150       $12.00 180      $11.50

Grooming Materials       1,000    $2.00    1,200    $3.00  

Variance             "Favorable/Unfavorable"             

Groomer Direct Labor Time Variance (Actual Hours - StandardHours) x Standard Rate $-  

Groomer Direct Labor Rate Variance (Actual Rate - Standard Rate)x ActualHours              $-                               

Direct Materials Quantity/Efficiency Variance (Actual Quantity -Standard Quantity) x Standard Price$-  

Direct Materials Price Variance (Actual Price - Standard Price)x Actual Quantity                             $-