Chapter 25, Problem 25.9E

(a)

To determine

Variances: The variances are used to calculate the variation in actual cost by comparing it to the standard cost. Variances normally find the difference between cost that is actually incurred and cost which was estimated by the business.

Variance Report: The report which provides the details of the actual and budgeted income and expenses along with the variance is called to as variance report. It shows the difference between actual and estimated financial results.

To determine: Number of units produced during the period.

(b)

To determine

Pounds of raw materials purchased and used during period.

(c)

To determine

The actual cost per pound of raw materials.

(d)

To determine

The actual direct labor hours worked during the period.

(e)

To determine

The actual rate paid per direct labor hour.