Marvel Parts, Inc., manufactures auto accessories. One of the company’s products is a set of seat...

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2)	Direcl labor rate variance
	(Actual rate - standard rate )*actul hours		10920/1000=	10.92
	(10.92 -10)*1000				10550/1055	10
	920	U				10-May	0.5


	direct labor efficiency variance
	(Actual hrs - standard hrs allowed)*standard rate
	(1000-2100.5)10
	500	F



3)	Variable overhead rate variance
	(Actual rate - standard rate )*actul hours
	(5460-1000*4.6)				4853/1055=	4.6
	860	U


	Variable overhead Efficiency variance
	(Actual hrs - standard hrs allowed)*standard rate	0
	(1000-2100.5)4.6
	230	F

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	Total		Per Set of Covers
Direct materials	$	51,273	$	24.3
Direct labor	$	10,550		5.0
Variable manufacturing overhead (based on directlabor-hours)	$	4,853		2.3
			$	31.60

	Total		Per Set of Covers
Direct materials (6,800 yards)	$	49,980	$	23.8
Direct labor	$	10,920		5.2
Variable manufacturing overhead	$	5,460		2.6
			$	31.60

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