Labor and Material Variances
Standard direct-labor rate $14.00
Actual direct-labor rate $12.20
Standard direct-labor hours 12,000
Direct-labor quantity variance-unfavorable $9,800
Standard unit price of materials $4.50
Actual quantity purchased and used 1,800
Standard quantity allowed for actual production 1,650
Materials purchase price variance-favorable $198
1. Compute the actual hours worked, rounded to the nearest hour.
2. Compute the actual purchase price per unit of materials, rounded to the nearest penny.