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
