Question : 101. The Flapjack Corporation had 8,200 actual direct labor hours at : 1246898

 

 

101. The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.6 hours per completed unit at a standard rate of $13 per hour. Compute the labor rate variance. A. 4,920UB. 4,920FC. 4,560UD. 4,560U

 

102. The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.6 hours per completed unit at a standard rate of $13 per hour. Compute the labor time variance. A. 9,880FB. 9,880UC. 7,800UD. 7,800F

 

103. 

 

Standard

Actual

Material Cost Per Yard

$2.00

$2.10

Standard Yards per Unit

4.5 yards

4.75 yards

Units of Production

 

9,500

 

 

 

Calculate the Total Direct Materials cost variance using the above information: A. $9,262.50 UnfavorableB. $9,262.50 FavorableC. $3,780.00 UnfavorableD. $3,562.50 Favorable

 

104. 

 

Standard

Actual

Material Cost Per Yard

$2.00

$2.10

Standard Yards per Unit

4.5 yards

4.75 yards

Units of Production

 

9,500

 

 

 

Calculate the Total Direct Materials Price variance using the above information: A. $1,795.50 FavorableB. $378 FavorableC. $4,512.50 UnfavorableD. $378 Unfavorable

 

105. 

 

Standard

Actual

Material Cost Per Yard

$2.00

$2.10

Standard Yards per Unit

4.5 yards

4.75 yards

Units of Production

 

9,500

 

 

 

Calculate the Total Direct Materials Quantity variance using the above information: A. $4,512.50 UnfavorableB. $4,512.50 FavorableC. $4,750 UnfavorableD. $4,750 Favorable

 

106. 

 

Standard

Actual

Rate

$12.00

$12.25

Hours

18,500

17,955

Units of Production

 

9,450

 

 

 

Calculate the Direct Labor Variance using the above information A. $2,051.25 FavorableB. $2,051.25 UnfavorableC. $2,362.50 UnfavorableD. $2,362.50 Favorable

 

107. 

 

Standard

Actual

Rate

$12.00

$12.25

Hours

18,500

17,955

Units of Production

 

9,450

 

 

 

Calculate the Direct Labor Time Variance using the above information A. $2,362.50 FavorableB. $2,362,50 UnfavorableC. $6,540.00 FavorableD. $6,540.00 Unfavorable

 

108. 

 

Standard

Actual

Rate

$12.00

$12.25

Hours

18,500

17,955

Units of Production

 

9,450

 

 

 

Calculate the Direct Labor Rate Variance using the above information A. $4,488.75 UnfavorableB. $6,851.25 FavorableC. $4,488.75 FavorableD. $6,851.25 Unfavorable

 

109. Which of the following is not a reason for a direct materials quantity variance? A. Malfunctioning equipmentB. Purchasing of inferior raw materialsC. Material requiring reworkD. Spoilage of materials

 

110. The formula to compute direct labor rate variance is to calculate the difference between A. actual costs + (actual hours * standard rate)B. actual costs – standard costC. (actual hours * standard rate) – standard costsD. actual costs – (actual hours * standard rate)