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