Question :
129.Dillon has a standard of 1.5 pounds of materials per : 1311906
129.Dillon has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, Dillon used 3,100 pounds of materials at a total cost of $18,135. Dillon’s materials price variance is
a.$135 U.
b.$465 F.
c.$600 F.
d.$1,050 F.
130.Dillon has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, Dillon used 3,100 pounds of materials at a total cost of $18,135. Dillon’s materials quantity variance is
a.$135 F.
b.$465 U.
c.$600 U.
d.$1,050 U.
131.Dillon has a standard of 2 hours of labor per unit, at $12 per hour. In producing 2,000 units, Dillon used 3,850 hours of labor at a total cost of $46,970. Dillon’s total labor variance is
a.$1,030 U.
b.$800 U.
c.$-1,030 F.
d.$1,930 F.
132.Dillon has a standard of 2 hours of labor per unit, at $12 per hour. In producing 2,000 units, Dillon used 3,850 hours of labor at a total cost of $46,970. Dillon’s labor price variance is
a.$770 U.
b.$800 U.
c.$1,030 F.
d.$1,930 F.
133.Dillon has a standard of 2 hours of labor per unit, at $12 per hour. In producing 2,000 units, Dillon used 3,850 hours of labor at a total cost of $46,970. Dillon’s labor quantity variance is
a.$770 U.
b.$770 F.
c.$1,800 F.
d.$1,930 F.
134.Which one of the following describes the total overhead variance?
a.The difference between what was actually incurred and the flexible budget amount
b.The difference between what was actually incurred and overhead applied
c.The difference between the overhead applied and the flexible budget amount
d.The difference between what was actually incurred and the total production budget
135.Manufacturing overhead costs are applied to work in process on the basis of
a.actual hours worked.
b.standard hours allowed.
c.ratio of actual variable to fixed costs.
d.actual overhead costs incurred.
136.The total overhead variance is the difference between the
a.actual overhead costs and overhead costs applied based on standard hours allowed.
b.actual overhead costs and overhead costs applied based on actual hours.
c.overhead costs applied based on actual hours and overhead costs applied based on standard hours allowed.
d.the actual overhead costs and the standard direct labor costs.
137.The predetermined overhead rate for Zane Company is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $150,000 was divided by normal capacity of 30,000 direct labor hours, to arrive at the predetermined overhead rate of $5. Actual overhead for June was $9,500 variable and $6,050 fixed, and standard hours allowed for the product produced in June was 3,000 hours. The total overhead variance is
a.$3,050 F.
b.$550 F.
c.$550 U.
d.$3,050 U.
138.The predetermined overhead rate for Zane Company is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $150,000 was divided by normal capacity of 30,000 direct labor hours, to arrive at the predetermined overhead rate of $5. Actual overhead for June was $8,900 variable and $5,400 fixed, and 1,500 units were produced. The direct labor standard is 2 hours per unit produced. The total overhead variance is
a.$1,800 F.
b.$700 F.
c.$700 U.
d.$1,800 U.
