Question :
46) What the combined total of the flexible budget : 1196268
46) What is the combined total of the flexible budget variances? 46) ______ A) $102,650 unfavourable B) $99,000 unfavourable C) $75,150 favourable D) $75,150 unfavourable E) $78,500 unfavourable 47) What is the price variance of the direct materials? 47) ______ A) $15,213 favourable B) $11,500 unfavourable C) $16,875 favourable D) $10,175 unfavourable E) $11,500 favourable 48) What is the price variance of the direct manufacturing labour, and the direct marketing labour, respectively? 48) ______ A) $8,343 unfavourable; $10,063 favourable B) $8,343 favourable; $10,063 favourable C) $6,635 favourable; $10,675 unfavourable D) $4,750 unfavourable; $12,500 unfavourable E) $5,863 unfavourable; $10,393 favourable 49) The following data for a pottery company pertain to the production of 2,000 clay pots during July.
Direct Materials (All materials purchased were used.):
Standard cost: $6.00 per kilogram of clay.
Total actual cost: $11,200.
Standard cost allowed for units produced was $12,000.
Materials efficiency variance was $240 unfavourable.
Direct Manufacturing Labour:
Standard cost is 2 pots per hour at $24.00 per hour.
Actual cost per hour was $24.50.
Labour efficiency variance was $672 favourable.
What is the total actual costs of direct manufacturing labour? 49) ______ A) $24,672 B) $23,200 C) $24,000 D) $672 E) $23,814 50) The following data for a pottery company pertain to the production of 2,000 clay pots during July.
Direct Materials (All materials purchased were used.):
Standard cost: $6.00 per kilogram of clay.
Total actual cost: $11,200.
Standard cost allowed for units produced was $12,000.
Materials efficiency variance was $240 unfavourable.
Direct Manufacturing Labour:
Standard cost is 2 pots per hour at $24.00 per hour.
Actual cost per hour was $24.50.
Labour efficiency variance was $672 favourable.
What is the labour price variance for direct manufacturing labour? 50) ______ A) $186 favourable B) $486 unfavourable C) $672 favourable D) $672 unfavourable E) $486 favourable Use the information below to answer the following question(s).
A company makes table lamps, for which the following standards have been developed:
Standard Inputs Standard Price
Expected for Each Expected per
Unit of Output Unit of Output
Direct materials 20 kilograms $2 per kilogram
Direct labour 6 hours $8 per hour
During January, production of 100 lamps was expected, but 110 lamps were actually completed.
Direct materials purchased and used were 2,100 kilograms at an actual price of $2.20 per kilogram.
Direct labour cost for the month was $5,310, and the actual pay per hour was $9.00.
51) The direct-material price variance for January is 51) ______ A) $420 unfavourable. B) $400 unfavourable. C) $20 favourable. D) $400 favourable. E) $420 favourable. 52) The direct-labour efficiency variance for the month of January is 52) ______ A) $630 favourable. B) $630 unfavourable. C) $560 favourable. D) $560 unfavourable. E) $70 favourable 53) If a purchasing agent is able to negotiate a price lower than that set by the current budget by purchasing poor quality direct materials, 53) ______ A) the effect on the direct labour efficiency variance will be favourable. B) the effect on the purchase price variance will be favourable. C) the effect on the direct materials efficiency variance will be favourable. D) a reduction in customer service costs will result. E) the effect on the direct materials efficiency variance will be unfavourable. 54) For any actual level of output, the difference between the input that was actually used and the input should have been used is 54) ______ A) an efficiency variance. B) a price variance. C) the variance rate. D) an effectiveness variance. E) a purchase cost variance. 55) Which of the following reasons is unlikely to be related to an unfavourable variance for labour costs? 55) ______ A) labour used was less skilled than usual B) inappropriate standards C) price variance in direct materials purchased at the standard quality D) excessive equipment downtime E) poor work scheduling Use the information below to answer the following question(s).
Tractor Corporation produces toy tractors. The company uses the following direct cost categories:
CategoryStandard InputsStd. Cost
for 1 output per input
Direct Materials4.00$12.50
Direct Labour1.40 9.50
Direct Marketing0.54 5.50
Actual performance and budgeted performance for the company is shown below:
Actual output: (in units)5,000
Direct Materials:
Materials costs$299,000
Input purchased and used23,000
Actual price per input$13.00
Direct Manufacturing Labour:
Labour costs$ 95,000
Labour-hours of input9,500
Actual price per hour$10.00
Direct Marketing Labour:
Labour costs$ 40,000
Labour-hours of input5,000
Actual price per hour$ 8.00
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