Question : 81. Meow Products Ltd.Meow Products Ltd. produces and sells scratching posts : 1291596

81. Meow Products Ltd.Meow Products Ltd. produces and sells scratching posts for cats. In the current year, the company had expected to sell 12,000 posts but actually produced and sold 10,000 posts. The following information is available regarding the standard cost to produce a single post: 

Direct materials:

3 feet @ 1.75 per foot

Direct labor:

15 minutes @ $.30 per minute

In the current year, 38,000 feet of material were purchased out of which 35,000 feet were used at a cost of $1.55 per foot, and 160,000 direct labor minutes were incurred at a cost of $.32 per minute. Refer to the Meow Products Ltd. information above. The company’s direct materials usage variance for the current year is: A. $14,000 F.B. $  1,750 F.C. $  3,500 U.D. $  8,750 U.

82. Meow Products Ltd.Meow Products Ltd. produces and sells scratching posts for cats. In the current year, the company had expected to sell 12,000 posts but actually produced and sold 10,000 posts. The following information is available regarding the standard cost to produce a single post: 

Direct materials:

3 feet @ 1.75 per foot

Direct labor:

15 minutes @ $.30 per minute

In the current year, 38,000 feet of material were purchased out of which 35,000 feet were used at a cost of $1.55 per foot, and 160,000 direct labor minutes were incurred at a cost of $.32 per minute. Refer to the Meow Products Ltd. information above. The company’s direct labor rate variance for the current year is: A. $   200 F.B. $   200 U.C. $3,200 F.D. $3,200 U.

83. Meow Products Ltd.Meow Products Ltd. produces and sells scratching posts for cats. In the current year, the company had expected to sell 12,000 posts but actually produced and sold 10,000 posts. The following information is available regarding the standard cost to produce a single post: 

Direct materials:

3 feet @ 1.75 per foot

Direct labor:

15 minutes @ $.30 per minute

In the current year, 38,000 feet of material were purchased out of which 35,000 feet were used at a cost of $1.55 per foot, and 160,000 direct labor minutes were incurred at a cost of $.32 per minute. Refer to the Meow Products Ltd. information above. The company’s direct labor efficiency variance for the current year is: A. $  3,000 U.B. $  3,000 F.C. $12,000 U.D. $12,000 F.

84. Carlton CorporationCarlton Corporation produces and sells faux-leather handbags. In the current year, the company budgeted for the production and sale of 1,000 handbags; however, 900 handbags were actually produced and sold. Each bag has a standard requiring two yards of material at a cost of $4.00 per yard and 1 hour of assembly time at a cost of $9.50 per hour. Actual costs for the production of 900 bags were $7,215 for materials (1,850 yards purchased and used @ $3.90 per yard) and $10,125 for labor (1,125 hours @ $9.00 per hour). Refer to the Carlton Corporation information above. Carlton’s direct materials price variance is: A. $195 U.B. $  15 U.C. $185 F.D. $180 F.

85. Carlton CorporationCarlton Corporation produces and sells faux-leather handbags. In the current year, the company budgeted for the production and sale of 1,000 handbags; however, 900 handbags were actually produced and sold. Each bag has a standard requiring two yards of material at a cost of $4.00 per yard and 1 hour of assembly time at a cost of $9.50 per hour. Actual costs for the production of 900 bags were $7,215 for materials (1,850 yards purchased and used @ $3.90 per yard) and $10,125 for labor (1,125 hours @ $9.00 per hour). Refer to the Carlton Corporation information above. Carlton’s direct materials usage variance is: A. $585 U.B. $600 U.C. $195 F.D. $200 U.

86. Carlton CorporationCarlton Corporation produces and sells faux-leather handbags. In the current year, the company budgeted for the production and sale of 1,000 handbags; however, 900 handbags were actually produced and sold. Each bag has a standard requiring two yards of material at a cost of $4.00 per yard and 1 hour of assembly time at a cost of $9.50 per hour. Actual costs for the production of 900 bags were $7,215 for materials (1,850 yards purchased and used @ $3.90 per yard) and $10,125 for labor (1,125 hours @ $9.00 per hour). Refer to the Carlton Corporation information above. Carlton’s direct labor efficiency variance is: A. $   562.50 F.B. $2,137.50 U.C. $1,187.50 U.D. $2,025.00 F.

87. Carlton CorporationCarlton Corporation produces and sells faux-leather handbags. In the current year, the company budgeted for the production and sale of 1,000 handbags; however, 900 handbags were actually produced and sold. Each bag has a standard requiring two yards of material at a cost of $4.00 per yard and 1 hour of assembly time at a cost of $9.50 per hour. Actual costs for the production of 900 bags were $7,215 for materials (1,850 yards purchased and used @ $3.90 per yard) and $10,125 for labor (1,125 hours @ $9.00 per hour). Refer to the Carlton Corporation information above. Carlton’s direct labor rate variance is: A. $562.50 F.B. $562.50 U.C. $450.00 F.D. $450.00 U.