Question :
81. The following data relate to direct labor costs for the : 1239576
81. The following data relate to direct labor costs for the current period:
Standard costs
36,000 hours at $22.00
Actual costs
35,000 hours at $23.00
What is the direct labor time variance? A. $36,000 unfavorableB. $35,000 unfavorableC. $23,000 favorableD. $22,000 favorable
82. The standard costs and actual costs for direct labor for the manufacture of 2,500 actual units of product are as follows:
Standard Costs
Direct labor
7,500 hours @ $11.80
Actual Costs
Direct labor
7,400 hours @ $11.40
The amount of the direct labor rate variance is: A. $2,960 unfavorableB. $4,500 favorableC. $2,960 favorableD. $4,500 unfavorable
83. The standard costs and actual costs for direct materials, direct labor, and factory overhead for the manufacture of 2,500 units of product are as follows:
Standard Costs
Direct labor
7,500 hours @ $11.80
Actual Costs
Direct labor
7,400 hours @ $11.40
The amount of the direct labor time variance is: A. $1,180 favorableB. $1,140 unfavorableC. $1,180 unfavorableD. $1,140 favorable
84. The following data relate to direct labor costs for February:
Actual costs
7,700 hours at $14.00
Standard costs
7,000 hours at $16.00
What is the direct labor time variance? A. $7,700 favorableB. $7,700 unfavorableC. $11,200 unfavorableD. $11,200 favorable
85. The following data relate to direct labor costs for February:
Actual costs
7,700 hours at $14.00
Standard costs
7,000 hours at $16.00
What is the direct labor rate variance? A. $14,000 favorableB. $14,000 unfavorableC. $15,400 favorableD. $15,400 unfavorable
86. The following data is given for the Harry 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
87. The following data is given for the Harry 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
88. 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 $13.00 per hour. Compute the labor rate variance. A. 4,920UB. 4,920FC. 4,560UD. 4,560U
89. 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 $13.00 per hour. Compute the labor time variance. A. 9,880FB. 9,880UC. 7,800UD. 7,800F
90.
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
