1.

Regal 10,000 units during the current period and reported the following information:

Actual Standard
Direct Materials:
Price $1.00 $1.10
Quantity used 24,000 21,000
Direct Labor:
Rate $12.50 $12.00
Hours worked 4,500 4,600
Variable Overhead:
Rate per direct labor hour $8 $8

Prepare an analysis of variance for the period.

2. Regal continues to produce 10,000 units and uses the standards shown in 1
above. During the current period, Regal purchased and used 21,500 pounds of
raw materials costing $24,080. Payroll records indicate that 4,650 hours were
worked and total payroll amounted to $54,870. Overhead costs amounted to
$37,572 during the period.

Prepare an analysis of variance for the period.