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CoursHeroTranscribedText: Griffen Comment.r makes pipe using metal. The company uses a standard coating system. Variable overhead is allocated on the basis of direct material usage (pounds). Overhead Is allocated to units based on exported production of 12.500 units. Britten maintains a materials inventory, so the amount Of material used is not necessarily the same as the ammunt of material purchased in any one mm. The standard cost sheet for a unit of pipe follows: Direct material 11 pounds @ 514 $154.00 Direct labor 1' hours @ 530 210.00 Variable overhead 11 pounds @ s F W130 Fined overhead 25.00 $0153.00 August nancial results show that the average purchase prlce of metal was $14.50 per pound. The purchase price varlance 334.701 unfavorable. The variable overhead efficiency variance was 8,500 unfavorable. Good output produced totaled 15.500 units. Required: a. How many pounds of metal were purchased In August"? {Do not round Intermediate calculations: _- b. What was the direct material erl'l'lclenctlr variance In August? {Do not round Intermediate calculations. Indicate ze affect of each variance by selecting "F' for favorable, or "LI" for unlevorable. If there is no effect. do not select either option.) (:1 c. How many pounds of metal were used in August? [Do not round intermediate calcu lotions.) -mnds

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