Question :
91. The following data relate to direct labor costs for February:
Actual : 1233877
91. The following data relate to direct labor costs for February:
Actual costs
7,700 hours at $13
Standard costs
7,000 hours at $9
What is the direct labor time variance? A. $9,100 favorableB. $9,100 unfavorableC. $6,300 unfavorableD. $6,300 favorable
92. The following data relate to direct labor costs for February:
Actual costs
7,700 hours at $13
Standard costs
7,000 hours at $9
What is the direct labor rate variance? A. $28,000 favorableB. $28,000 unfavorableC. $30,800 favorableD. $30,800 unfavorable
93. The following data is given for the Walker Company:
Budgeted production
1,000 units
Actual production
980 units
Materials:
Standard price per lb
$2.00
Standard pounds per completed unit
12
Actual pounds purchased and used in production
11,800
Actual price paid for materials
$23,000
Labor:
Standard hourly labor rate
$14 per hour
Standard hours allowed per completed unit
4.5
Actual labor hours worked
4,560
Actual total labor costs
$62,928
Overhead:
Actual and budgeted fixed overhead
$27,000
Standard variable overhead rate
$3.50 per standard labor hour
Actual variable overhead costs
$15,500
Overhead is applied on standard labor hours. The direct labor rate variance is: A. 912UB. 912FC. 2,100UD. 2,100F
94. The following data is given for the Walker Company:
Budgeted production
1,000 units
Actual production
980 units
Materials:
Standard price per lb
$2.00
Standard pounds per completed unit
12
Actual pounds purchased and used in production
11,800
Actual price paid for materials
$23,000
Labor:
Standard hourly labor rate
$14 per hour
Standard hours allowed per completed unit
4.5
Actual labor hours worked
4,560
Actual total labor costs
$62,928
Overhead:
Actual and budgeted fixed overhead
$27,000
Standard variable overhead rate
$3.50 per standard labor hour
Actual variable overhead costs
$15,500
Overhead is applied on standard labor hours. The direct labor time variance is: A. 912FB. 912UC. 2,100UD. 2,100F
95. The following data is given for the Walker Company:
Budgeted production
26,000 units
Actual production
27,500 units
Materials:
Standard price per ounce
$6.50
Standard ounces per completed unit
8
Actual ounces purchased and used in production
228,000
Actual price paid for materials
$1,504,800
Labor:
Standard hourly labor rate
$22 per hour
Standard hours allowed per completed unit
6.6
Actual labor hours worked
183,000
Actual total labor costs
$4,020,000
Overhead:
Actual and budgeted fixed overhead
$1,029,600
Standard variable overhead rate
$24.50 per standard labor hour
Actual variable overhead costs
$4,520,000
Overhead is applied on standard labor hours. The direct labor rate variance is: A. 6,000UB. 6,000FC. 33,000FD. 33,000U
96. The following data is given for the Walker Company:
Budgeted production
26,000 units
Actual production
27,500 units
Materials:
Standard price per ounce
$6.50
Standard ounces per completed unit
8
Actual ounces purchased and used in production
228,000
Actual price paid for materials
$1,504,800
Labor:
Standard hourly labor rate
$22 per hour
Standard hours allowed per completed unit
6.6
Actual labor hours worked
183,000
Actual total labor costs
$4,020,000
Overhead:
Actual and budgeted fixed overhead
$1,029,600
Standard variable overhead rate
$24.50 per standard labor hour
Actual variable overhead costs
$4,520,000
Overhead is applied on standard labor hours. The direct labor time variance is: A. 6,000FB. 6,000UC. 33,000UD. 33,000F
97. The Joyner Corporation had 8,000 actual direct labor hours at an actual rate of $12.20 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.5 hours per completed unit at a standard rate of $13 per hour. Compute the labor rate variance. A. 6,400UB. 6,400FC. 6,500UD. 6,500U
98. The Joyner Corporation had 8,000 actual direct labor hours at an actual rate of $12.20 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.5 hours per completed unit at a standard rate of $13 per hour. Compute the labor time variance. A. 6,400FB. 6,400UC. 6,500UD. 6,500F
99.
Standard
Actual
Material Cost Per Yard
$2.00
$2.04
Standard Yards per Unit
5 yards
4.75 yards
Units of Production
9,450
Calculate the Total Direct Materials cost variance using the above information: A. $2,929.50 UnfavorableB. $2,929.50 FavorableC. $3,780.00 UnfavorableD. $3,562.50 Favorable
100.
Standard
Actual
Material Cost Per Yard
$2.00
$2.04
Standard Yards per Unit
5 yards
4.75 yards
Units of Production
9,450
Calculate the Total Direct Materials Price variance using the above information: A. $1,795.50 FavorableB. $378 FavorableC. $1,795.50 UnfavorableD. $378 Unfavorable
