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# Standard versus actual costs

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This is a problem from my management accounting homework. I don't am confused b/c there is so much information missing from the problem...but then, they wouldn't leave out information that we need, so I know I am wrong in what I am starting to do...

The question is...for each of the following 2 jobs making 2 different products, I am supposed to determine the

the missing information (a) and (b)
but there is other information missing as well, this is the chart:

Item Job 321 / Job 322
Units Produced 200 / ?
Standards per unit:
Material quantity 5 lbs / ?
Material price \$2 per lb / \$3 per lb
Labor Hours 2 hrs. / 3 hrs.
Labor rate \$15 per hr / \$12 per hour
Actual Consumption:
Material quantity (a) / 1,000 lbs
Material cost \$2,000 / ?
Labor hours (b) / ?
Labor cost ? / \$5,800
Variance:
Material quantity ? / \$100 F
Material price \$50 U / \$500 F
Labor hours \$100 F / \$50 U
Labor rate \$ 60 U / \$200 F