P 1. Total standard unit cost of front entrance, Year 20x1: $8,510

P 2. 1. Direct materials price variance—Liquid Plastic: $386 (F)

2. Direct labor rate variance—Trimming/Packing: $56 (U)

P 3. 2. Flexible budget formula: Total Budgeted Costs = ($.35 x units produced) + $10,500

P 4. 1.b. Direct materials quantity variance: $3,720 (U)

1.f. Manufacturing overhead volume variance: $320 (F)

P 5. c. $11.50

P 6. 1. Total standard direct materials cost per unit: $167.52

P 7. 1. Direct materials price variance—Metal: $832 (F)

2. Direct labor rate variance—Molding: $510 (F)

P 8. 1.a. Direct materials price variance—Chemicals: $12,200 (F)

1.e. Controllable manufacturing overhead variance: $3,100 (U)