ABC Company's production budget for October is based on 500 units. Standard unit cost for direct labor is $100 per unit ($20 per hour x 5 hours per unit). ABC's actual production in October = 525 units. The actual cost of direct labor = $56,700 ($18 per hour x 6 hours per unit).Calculate the direct labor rate variance for October:Direct labor rate variance = $.Use F or U to identify the variance as Favorable or Unfavorable: .

ABC Company's production budget for October is based on 500 units. Standard unit cost for variable overhead is $25 per unit ($5 per hour x 5 hours per unit). ABC's actual production in October = 525 units. The actual cost of variable overhead = $18,900 ($6 per hour x 6 hours per unit).Calculate the variable overhead spending variance for October:Variable overhead spending variance = $.Use F or U to identify the variance as Favorable or Unfavorable: .

ABC Company has set the following standards for one unit of product: Direct materials: 0.5 pounds @ $1.00 per pound; Direct labor: 1 hour @ $10.00 per hour. The company produced 35,000 units and had the following actual costs: Direct materials: 18,000 pounds at a total cost of $17,280; Direct labor: 36,000 hours at a total cost of $374,400. Compute the direct labor rate variance.Multiple choice question.$14,400 U$14,400 F$10,000 F$10,000 U

ABC Company's production budget for October is based on 500 units. Standard unit cost for raw materials is $130 per unit ($10 per pound x 13 pounds per unit). ABC's actual production in October = 525 units. The actual cost of materials used = $69,300 ($11 per pound x 12 pounds per unit).Calculate the raw materials usage variance for October:Raw materials usage variance = $.Use F or U to identify the variance as Favorable or Unfavorable: .

ABC Company's performance report for April included the following for direct labor: Budgeted cost = $33,500; Actual cost = $32,200; Variance = $. Use F or U to identify the variance as favorable or unfavorable: .

ABC Company's production budget for March is 32,000 units. Budgeted fixed overhead is $64,000. ABC's standard fixed overhead application rate is $2 per machine hour and each unit is allowed a standard of 1 hour of machine time. Actual fixed overhead for March is $67,000. Actual production in March is 36,000 units.Calculate the fixed overhead volume variance for March:Fixed overhead volume variance = $.Use F or U to identify the variance as Favorable or Unfavorable: .