Question :
81. The Joyner Corporation purchased and used 126,000 board feet of : 1233876
81. The Joyner Corporation purchased and used 126,000 board feet of lumber in production, at a total cost of $1,449,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.5 board feet per unit and a standard price of $12 per board foot. Actual production was 23,000 units. Compute the material price variance. A. 63,000FB. 63,000UC. 6,000FD. 6,000U
82. The Joyner Corporation purchased and used 126,000 board feet of lumber in production, at a total cost of $1,449,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.5 board feet per unit and a standard price of $12 per board foot. Actual production was 23,000 units. Compute the material quantity variance. A. 63,000FB. 63,000UC. 6,000FD. 6,000U
83. If the wage rate paid per hour differs from the standard wage rate per hour for direct labor, the variance is termed: A. variable varianceB. rate varianceC. quantity varianceD. volume variance
84. If the actual direct labor hours spent producing a commodity differ from the standard hours, the variance is termed: A. time varianceB. price varianceC. quantity varianceD. rate variance
85. The following data relate to direct labor costs for the current period:
Standard costs
7,500 hours at $11.60
Actual costs
6,000 hours at $12.00
What is the direct labor time variance? A. $3,000 favorableB. $15,000 unfavorableC. $2,400 favorableD. $17,400 favorable
86. The following data relate to direct labor costs for the current period:
Standard costs
6,000 hours at $12.00
Actual costs
7,500 hours at $11.60
What is the direct labor rate variance? A. $15,000 unfavorableB. $3,000 favorableC. $17,400 unfavorableD. $2,400 favorable
87. The following data relate to direct labor costs for the current period:
Standard costs
9,000 hours at $5.50
Actual costs
8,750 hours at $5.75
What is the direct labor rate variance? A. $2,250.00 unfavorableB. $2,187.50 unfavorableC. $1,438.00 favorableD. $1,375.00 favorable
88. The following data relate to direct labor costs for the current period:
Standard costs
36,000 hours at $22.50
Actual costs
35,000 hours at $23.00
What is the direct labor time variance? A. $17,500 unfavorableB. $18,000 unfavorableC. $5,000 favorableD. $22,500 favorable
89. 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 @ $12
Actual Costs
Direct labor
7,400 hours @ $11.40
The amount of the direct labor rate variance is: A. $4,440 unfavorableB. $4,500 favorableC. $4,440 favorableD. $4,500 unfavorable
90. 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 @ $12
Actual Costs
Direct labor
7,400 hours @ $11.40
The amount of the direct labor time variance is: A. $1,200 favorableB. $1,140 unfavorableC. $1,200 unfavorableD. $1,140 favorable
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