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Budgeted direct labor rate: Budgeted direct labor hours per unit Budgeted direct materials rate Budgeted direct materials per unit $27.00 per hour 1.75 hours per unit $1.25 per material 2.25 direct materials per unit Direct materials used Actual price per direct material Direct labor hours used Direct labor rate per hour Actual units sold 11,000 $1.40 per direct material 8,900 $28.00 per hour 5,000 Required Calculate the amounts requested below Answer the questions on the following page 1. What is the total budget for direct materials? 2. Calculate the actual amount spent for direct materials? 3. What is the total direct materials variance? 4. Is that variance favorable or unfavorable? 5. What is the direct materials price variance? 6. Is that variance favorable or unfavorable? 7. What is the direct materials efficiency variance? 8. Is that variance favorable or unfavorable? 9. What is the total budget for direct labor? 10. Calculate the actual amount spent for direct labor? 11. What is the total direct labor variance? 12. Is that variance favorable or unfavorable? 13. What is the direct labor price variance? 14. Is that variance favorable or unfavorable? 15. What is the direct labor efficiency variance? 16. Is that variance favorable or unfavorable

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