The SCC Division of the Big-Drug Company uses standard costing to help control their production costs. The division's main product is a pharmaceutical product that comes in a multi-dose package. The standard variable costs per package are given below: Direct materials (chemical ingredients 2.0 ounces @$2.00 per ounce) Direct materials (packaging 1 package piece @$1.50 per package piece) Direct labor (0.20 hour (a) $25.00 per hour) Variable overhead (\$5.00 per direct labor hour) Fixed overhead ( $4.75 per direct labor hour) 3 During the most recent month, 80,000 packages of the product were produced. Other salient information related to the production of the 80,000 packages follows: Required: For questions 17-25 compute each of the following variances indicating both the dollar amount and whether the amount is favorable (F) or unfavorable (U). If a variance is zero, please input zero for the dollar amount and leave the F and U columns blank. Extra credit: What is the denominator in hours
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