Chapter 8, Problem 8.29E

1.

To determine

To compute: a. The direct material price variance, b. The direct material efficiency variance, c. The direct manufacturing labor price variance, d. The direct manufacturing labor efficiency variance, e. the variable overhead spending variance, f. The efficiency variance of variance of variable cost, g. The production volume variance, and h. The fixed overhead spending variance.

2.

To determine

To identify: Whether any variance can be used to explain any other variance or not