Material and labor variances the following actual and standard cost data for direct material and direct labor relate to the production of 2,000 units of a product: actual costs standard costs direct material 3,900 lbs. @ $5.30 4,000 lbs. @ $5.10 direct labor 6,200 hrs. @ $8.40 6,000 hrs. @ $8.70 determine the following variances: do not use negative signs with any of your answers. next to each variance answer, select either "f" for favorable or "u" for unfavorable. materials variances actual cost: answer split cost: answer standard cost: answer a. materials price answer answer b. materials efficiency answer answer labor variances actual cost: answer split cost: answer standard cost: answer c. labor rate answer answer d. labor efficieny answer answer

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.