115.Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials variance.
Direct materials standard (6 lbs. @ $2/lb.)$12 per finished unit
Actual direct materials used243,000 lbs.
Actual finished units produced40,000 units
Actual cost of direct materials used$483,570
A.$6,000 favorable.
B.$3,570 unfavorable.
C.$2,430 favorable.
D.$6,000 unfavorable.
E.$3,570 favorable.
116.Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance.
Direct materials standard (6 lbs. @ $2/lb.)$12 per finished unit
Actual direct materials used243,000 lbs.
Actual finished units produced40,000 units
Actual cost of direct materials used$483,570
A.$2,430 unfavorable.
B.$3,570 unfavorable.
C.$2,430 favorable.
D.$6,000 unfavorable.
E.$3,570 favorable.
117.Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity variance.
Direct materials standard (6 lbs. @ $2/lb.)$12 per finished unit
Actual direct materials used243,000 lbs.
Actual finished units produced40,000 units
Actual cost of direct materials used$483,570
A.$2,430 unfavorable.
B.$3,570 unfavorable.
C.$2,430 favorable.
D.$6,000 unfavorable.
E.$3,570 favorable.
118.Fletcher Company collected the following data regarding production of one of its products. Compute the total direct labor variance.
Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit
Actual direct labor hours81,500 hrs.
Actual finished units produced40,000 units
Actual cost of direct labor$1,100,250
A.$80,250 unfavorable.
B.$80,250 favorable.
C.$61,125 favorable.
D.$61,125 unfavorable.
E.$19,125 favorable.
119.Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor rate variance.
Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit
Actual direct labor hours81,500 hrs.
Actual finished units produced40,000 units
Actual cost of direct labor$1,100,250
A.$80,250 unfavorable.
B.$80,250 favorable.
C.$61,125 favorable.
D.$61,125 unfavorable.
E.$19,125 unfavorable.
120.Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor efficiency variance.
Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit
Actual direct labor hours81,500 hrs.
Actual finished units produced40,000 units
Actual cost of direct labor$1,100,250
A.$19,125 favorable.
B.$80,250 favorable.
C.$61,125 favorable.
D.$19,125 unfavorable.
E.$80,250 unfavorable.
121.Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead cost variance.
Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit
Actual direct labor hours81,500 hrs.
Budgeted units42,000 units
Actual finished units produced40,000 units
Standard variable OH rate (2 hrs. @ $14.30/hr.)$28.60 per finished unit
Standard fixed OH rate ($336,000/42,000 units)$8.00 per unit
Actual cost of variable overhead costs incurred$1,140,000
Actual cost of fixed overhead costs incurred$338,000
A.$18,000 favorable.
B.$4,000 favorable.
C.$18,000 unfavorable.
D.$18,300 favorable.
E.$14,300 unfavorable.
122.Fletcher Company collected the following data regarding production of one of its products. Compute the fixed overhead cost variance.
Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit
Actual direct labor hours81,500 hrs.
Budgeted units42,000 units
Actual finished units produced40,000 units
Standard variable OH rate (2 hrs. @ $14.30/hr.)$28.60 per finished unit
Standard fixed OH rate ($336,000/42,000 units)$8.00 per unit
Actual cost of variable overhead costs incurred$1,140,000
Actual cost of fixed overhead costs incurred$338,000
A.$18,300 favorable.
B.$18,000 favorable.
C.$18,000 unfavorable.
D.$18,300 unfavorable.
E.$14,300 unfavorable.
123.Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead spending variance.
Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit
Actual direct labor hours81,500 hrs.
Budgeted units42,000 units
Actual finished units produced40,000 units
Standard variable OH rate (2 hrs. @ $14.30/hr.)$28.60 per finished unit
Standard fixed OH rate ($336,000/42,000 units)$8.00 per unit
Actual cost of variable overhead costs incurred$1,140,000
Actual cost of fixed overhead costs incurred$338,000
A.$25,450 favorable.
B.$4,000 favorable.
C.$4,000 unfavorable.
D.$21,450 unfavorable.
E.$21,450 favorable.
124.Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead efficiency variance.
Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unit
Actual direct labor hours81,500 hrs.
Budgeted units42,000 units
Actual finished units produced40,000 units
Standard variable OH rate (2 hrs. @ $14.30/hr.)$28.60 per finished unit
Standard fixed OH rate ($336,000/42,000 units)$8.00 per unit
Actual cost of variable overhead costs incurred$1,140,000
Actual cost of fixed overhead costs incurred$338,000
A.$14,300 unfavorable.
B.$21,450 favorable.
C.$4,000 unfavorable.
D.$4,000 unfavorable.
E.$21,450 unfavorable.
125.Janitor Supply produces an industrial cleaning powder that requires 40 grams of material at $0.10 per gram and .25 direct labor hours at $12.00 per hour. Overhead is assigned at the rate of $18 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card?
A.$7.00.
B.$8.50.
C.$11.50.
D.$7.50.
E.$25.00.
126.ShipCo. produces storage crates that require 1.2 meters of material at $.85 per meter and 0.1 direct labor hours at $15.00 per hour. Overhead is assigned at the rate of $9 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card?
A.$25.02.
B.$11.52.
C.$2.40.
D.$2.52.
E.$3.42.
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