Question : 115.Fletcher Company collected the following data regarding production of one : 1258670

 

115.Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials variance. 

Direct materials standard (6 lbs. @ $2/lb.)$12 per finished unit

Actual direct materials used243,000 lbs.

Actual finished units produced40,000 units

Actual cost of direct materials used$483,570

  

A.$6,000 favorable.

B.$3,570 unfavorable.

C.$2,430 favorable.

D.$6,000 unfavorable.

E.$3,570 favorable.

116.Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. 

Direct materials standard (6 lbs. @ $2/lb.)$12 per finished unit

Actual direct materials used243,000 lbs.

Actual finished units produced40,000 units

Actual cost of direct materials used$483,570

  

A.$2,430 unfavorable.

 

B.$3,570 unfavorable.

C.$2,430 favorable.

D.$6,000 unfavorable.

E.$3,570 favorable.

117.Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity variance. 

Direct materials standard (6 lbs. @ $2/lb.)$12 per finished unit

Actual direct materials used243,000 lbs.

Actual finished units produced40,000 units

Actual cost of direct materials used$483,570

  

A.$2,430 unfavorable.

B.$3,570 unfavorable.

C.$2,430 favorable.

D.$6,000 unfavorable.

E.$3,570 favorable.

118.Fletcher Company collected the following data regarding production of one of its products. Compute the total direct labor variance. 

Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit

Actual direct labor hours81,500 hrs.

Actual finished units produced40,000 units

Actual cost of direct labor$1,100,250

  

A.$80,250 unfavorable.

B.$80,250 favorable.

C.$61,125 favorable.

D.$61,125 unfavorable.

E.$19,125 favorable.

119.Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor rate variance. 

Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit

Actual direct labor hours81,500 hrs.

Actual finished units produced40,000 units

Actual cost of direct labor$1,100,250

  

A.$80,250 unfavorable.

B.$80,250 favorable.

C.$61,125 favorable.

D.$61,125 unfavorable.

E.$19,125 unfavorable.

120.Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor efficiency variance. 

Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit

Actual direct labor hours81,500 hrs.

Actual finished units produced40,000 units

Actual cost of direct labor$1,100,250

  

A.$19,125 favorable.

 

B.$80,250 favorable.

 

C.$61,125 favorable.

D.$19,125 unfavorable.

E.$80,250 unfavorable.

121.Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead cost variance. 

Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit

Actual direct labor hours81,500 hrs.

Budgeted units42,000 units

Actual finished units produced40,000 units

Standard variable OH rate (2 hrs. @ $14.30/hr.)$28.60 per finished unit

Standard fixed OH rate ($336,000/42,000 units)$8.00 per unit

Actual cost of variable overhead costs incurred$1,140,000

Actual cost of fixed overhead costs incurred$338,000

  

A.$18,000 favorable.

 

B.$4,000 favorable.

C.$18,000 unfavorable.

D.$18,300 favorable.

E.$14,300 unfavorable.

122.Fletcher Company collected the following data regarding production of one of its products. Compute the fixed overhead cost variance. 

Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit

Actual direct labor hours81,500 hrs.

Budgeted units42,000 units

Actual finished units produced40,000 units

Standard variable OH rate (2 hrs. @ $14.30/hr.)$28.60 per finished unit

Standard fixed OH rate ($336,000/42,000 units)$8.00 per unit

Actual cost of variable overhead costs incurred$1,140,000

Actual cost of fixed overhead costs incurred$338,000

  

A.$18,300 favorable.

B.$18,000 favorable.

C.$18,000 unfavorable.

D.$18,300 unfavorable.

E.$14,300 unfavorable.

123.Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead spending variance. 

Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit

Actual direct labor hours81,500 hrs.

Budgeted units42,000 units

Actual finished units produced40,000 units

Standard variable OH rate (2 hrs. @ $14.30/hr.)$28.60 per finished unit

Standard fixed OH rate ($336,000/42,000 units)$8.00 per unit

Actual cost of variable overhead costs incurred$1,140,000

Actual cost of fixed overhead costs incurred$338,000

  

A.$25,450 favorable.

 

B.$4,000 favorable.

 

C.$4,000 unfavorable.

D.$21,450 unfavorable.

E.$21,450 favorable.

124.Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead efficiency variance. 

Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit

Actual direct labor hours81,500 hrs.

Budgeted units42,000 units

Actual finished units produced40,000 units

Standard variable OH rate (2 hrs. @ $14.30/hr.)$28.60 per finished unit

Standard fixed OH rate ($336,000/42,000 units)$8.00 per unit

Actual cost of variable overhead costs incurred$1,140,000

Actual cost of fixed overhead costs incurred$338,000

  

A.$14,300 unfavorable.

B.$21,450 favorable.

C.$4,000 unfavorable.

D.$4,000 unfavorable.

E.$21,450 unfavorable.

125.Janitor Supply produces an industrial cleaning powder that requires 40 grams of material at $0.10 per gram and .25 direct labor hours at $12.00 per hour. Overhead is assigned at the rate of $18 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card?    

A.$7.00.

B.$8.50.

C.$11.50.

D.$7.50.

E.$25.00.

126.ShipCo. produces storage crates that require 1.2 meters of material at $.85 per meter and 0.1 direct labor hours at $15.00 per hour. Overhead is assigned at the rate of $9 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card?    

A.$25.02.

B.$11.52.

C.$2.40.

D.$2.52.

E.$3.42.

 

 

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