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Standards for producing one unit of product: Standard Quantity Direct Materials 2lbs Direct labor 2 hours...

Standards for producing one unit of product:

Standard

Quantity

Direct Materials 2lbs

Direct labor 2 hours

Other data:

Materials actually purchased

Material price variance

Materials actually used to produce 300 units of output

Labor efficiency variance

Standard

Price

$1.80 per lbs

$18 per hour

4,500 lbs

$450 unfavorable

780 lbs

$90 unfavorable

a. The material purchase price per pound.

b. The material quantity variance.

c. The actual number of hours worked.

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