Question : 91. The following data relate to direct labor costs for the : 1246897

 

 

91. 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

 

92. 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

 

93. 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

 

94. 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

 

95. The following data relate to direct labor costs for February: 

Actual costs

7,700 hours at $14

Standard costs

7,000 hours at $15

 

 

What is the direct labor time variance? A. $7,700 favorableB. $7,700 unfavorableC. $10,500 unfavorableD. $10,500 favorable

 

96. The following data relate to direct labor costs for February: 

Actual costs

7,700 hours at $14

Standard costs

7,000 hours at $15

 

 

What is the direct labor rate variance? A. $7,000 favorableB. $7,000 unfavorableC. $7,700 favorableD. $7,700 unfavorable

 

97. The following data is given for the Happy Company: 

Budgeted production

1,000 units

Actual production

   980 units

Materials:

 

  Standard price per lb

$2.00

  Standard pounds per completed unit

12

  Actual pounds purchased and used in production

11,800

  Actual price paid for materials

$23,000

Labor:

 

  Standard hourly labor rate

$14 per hour

  Standard hours allowed per completed unit

4.5

  Actual labor hours worked

4,560

  Actual total labor costs

$62,928

Overhead:

 

  Actual and budgeted fixed overhead

$27,000

  Standard variable overhead rate

$3.50 per standard labor hour

  Actual variable overhead costs

$15,500

 

 

  Overhead is applied on standard labor hours. The direct labor rate variance is: A. 912UB. 912FC. 2,100UD. 2,100F

 

98. The following data is given for the Happy Company: 

Budgeted production

1,000 units

Actual production

   980 units

Materials:

 

  Standard price per lb

$2.00

  Standard pounds per completed unit

12

  Actual pounds purchased and used in production

11,800

  Actual price paid for materials

$23,000

Labor:

 

  Standard hourly labor rate

$14 per hour

  Standard hours allowed per completed unit

4.5

  Actual labor hours worked

4,560

  Actual total labor costs

$62,928

Overhead:

 

  Actual and budgeted fixed overhead

$27,000

  Standard variable overhead rate

$3.50 per standard labor hour

  Actual variable overhead costs

$15,500

 

 

  Overhead is applied on standard labor hours. The direct labor time variance is: A. 912FB. 912UC. 2,100UD. 2,100F

 

99. 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

 

100. 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