Question : 101.Better Blankets, Inc. makes a SnuggieBlank using flannel material and : 1169273

 

 

101.Better Blankets, Inc. makes a SnuggieBlank using flannel material and trim binding. They have instituted a successful JIT system and thus no longer have to stock inventory prior to their production need. The Standard Cost Card for The SnuggieBlank model is shown.  The company reported the following results concerning January results:  The material quantity variance for Trim used in January is:   

A. $5,640 favorable.

 

B. $5,640 unfavorable.

 

C. $1,440 favorable.

 

D. $1,440 unfavorable.

 

 

 

102.Better Blankets, Inc. makes a SnuggieBlank using flannel material and trim binding. They have instituted a successful JIT system and thus no longer have to stock inventory prior to their production need. The Standard Cost Card for The SnuggieBlank model is shown.  The company reported the following results concerning January results:  The material price variance for Flannel used in January is:   

A. $10,200 favorable.

 

B. $10,200 unfavorable.

 

C. $2,700 favorable.

 

D. $2,700 unfavorable.

 

 

 

103.Better Blankets, Inc. makes a SnuggieBlank using flannel material and trim binding. They have instituted a successful JIT system and thus no longer have to stock inventory prior to their production need. The Standard Cost Card for The SnuggieBlank model is shown.  The company reported the following results concerning January results:  The material price variance for Trim used in January is:   

A. $5,640 favorable.

 

B. $5,640 unfavorable.

 

C. $1,440 favorable.

 

D. $1,440 unfavorable.

 

 

 

104.Better Blankets, Inc. makes a SnuggieBlank using flannel material and trim binding. They have instituted a successful JIT system and thus no longer have to stock inventory prior to their production need. The Standard Cost Card for The SnuggieBlank model is shown.  The company reported the following results concerning January results:  The labor rate variance in January is:   

A. $1,600 favorable.

 

B. $1,600 unfavorable.

 

C. $3,050 favorable.

 

D. $3,050 unfavorable.

 

 

 

105.Better Blankets, Inc. makes a SnuggieBlank using flannel material and trim binding. They have instituted a successful JIT system and thus no longer have to stock inventory prior to their production need. The Standard Cost Card for The SnuggieBlank model is shown.  The company reported the following results concerning January results:  The labor efficiency variance in January is:   

A. $3,050 favorable.

 

B. $3,050 unfavorable.

 

C. $1,600 favorable.

 

D. $1,600 unfavorable.

 

 

 

106.Better Blankets, Inc. makes a SnuggieBlank using flannel material and trim binding. They have instituted a successful JIT system and thus no longer have to stock inventory prior to their production need. The Standard Cost Card for The SnuggieBlank model is shown.  The company reported the following results concerning January results:  The variable overhead spending variance in January is:   

A. $1,000 favorable.

 

B. $1,000 unfavorable.

 

C. $3,000 favorable.

 

D. $3,000 unfavorable.

 

 

 

107.Better Blankets, Inc. makes a SnuggieBlank using flannel material and trim binding. They have instituted a successful JIT system and thus no longer have to stock inventory prior to their production need. The Standard Cost Card for The SnuggieBlank model is shown.  The company reported the following results concerning January results:  The variable overhead efficiency variance in January is:   

A. $3,000 favorable.

 

B. $3,000 unfavorable.

 

C. $2,000 favorable.

 

D. $2,000 unfavorable.

 

 

 

 

 

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