accounting help for accountsguru only

Costello Corporation manufactures a single product. The standard cost per unit of product is shown below.

Direct materials—2 pound plastic at $6.52 per pound		$ 13.04
Direct labor—2.50 hours at $12.00 per hour		30.00
Variable manufacturing overhead		20.00
Fixed manufacturing overhead		20.00
Total standard cost per unit		$83.04

The predetermined manufacturing overhead rate is $16 per direct labor hour ($40.00 Ã· 2.50). It was computed from a master manufacturing overhead budget based on normal production of 15,000 direct labor hours (6,000 units) for the month. The master budget showed total variable costs of $120,000 ($8.00 per hour) and total fixed overhead costs of $120,000 ($8.00 per hour). Actual costs for October in producing 4,100 units were as follows.

Direct materials (8,350 pounds)		$ 56,446
Direct labor (10,130 hours)		125,004
Variable overhead		121,194
Fixed overhead		44,956
Total manufacturing costs		$347,600

The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored.

(a) Compute all of the materials and labor variances.
 (Round answers to 0 decimal places, e.g. 125.)

Total materials variance		$
Materials price variance		$
Materials quantity variance		$
Total labor variance		$
Labor price variance		$
Labor quantity variance		$

(b) Compute the total overhead variance.

Total overhead variance

$