Bronfenbrenner Co. uses a standard cost system for its single product in which variable overhead is applied on the basis of direct labor hours. The following information is given:
Standard costs per unit: 
Actual experience for current year: 
Required:
Compute the following variances for raw materials, direct labor, and variable overhead, assuming that the price variance for materials is recognized at point of purchase:
a. Direct materials price variance.
b. Direct materials quantity variance.
c. Labor rate variance.
d. Labor efficiency variance.
e. Variable overhead rate variance.
f. Variable overhead efficiency variance.
Definitions:
Social Loafing
The dynamic wherein teamwork leads to a decrease in individual effort applied towards achieving objectives, in contrast to independent work.
Groupthink
A psychological phenomenon in which people striving for consensus within a group fail to consider alternatives, leading to a dysfunctional decision-making outcome.
Social Facilitation
The tendency for people to perform differently, usually better, when in the presence of others than when alone.
Social Loafing
Social loafing is the phenomenon observed when individuals exert less effort to achieve a goal when they work in a group than when they work alone.
Q20: During its first year of operations, Carlos
Q89: Halm Urban Diner is a charity supported
Q96: Carrejo Corporation has two divisions: Division M
Q116: LFM Corporation makes and sells a product
Q159: The LFG Corporation makes and sells a
Q185: The materials price variance is computed by
Q255: Hatzenbuhler Manufacturing Corporation has prepared the following
Q267: During January, Desousa Clinic plans for an
Q336: Beakins Corporation produces a single product. The
Q399: The following standards for variable manufacturing overhead