Analyzing Cost Variances
SE 4. Garden Metal Works produces lawn sculptures. The company analyzes only variances that differ by more than 5 percent from the standard cost. The controller computed the following direct labor efficiency variances for March:
| Direct Labor Efficiency Variance | Standard Direct Labor Cost | |
| Product 4 | $1,240 (U) | $26,200 |
| Product 6 | 3,290 (F) | 41,700 |
| Product 7 | 2,030 (U) | 34,300 |
| Product 9 | 1,620 (F) | 32,560 |
| Product 12 | 2,810 (U) | 59,740 |
For each product, determine the variance as a percentage of the standard cost (round to one decimal place). Then identify the products whose variances should be analyzed and suggest possible causes for the variances.
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